Miami’s King Of Diamonds Has Been Shut Down

Miami’s King Of Diamonds Has Been Shut Down

By Igor Sinkov

photo credit: Igor Sinkov // Shutterstock

One of the most famous and Iconic strip club in America, Miami’s King of Diamonds, has now been shut down. The club has been mentioned by many rappers in songs throughout hip hop. There have even been a few videos shot there, while some of our most-known IG Models like Blac Chyna have been known to work there.

The club was foreclosed on back in August 2017, and the club was ordered to evict by the first of the month. Court Documents show that on October 18th the club was ordered to pay its court-appointed receiver a lump sum of $305,000 plus additional payments of $85,000 every first of the month after that. The receiver says he did not get the payment of November 1st and asked he courts to evict the tenants.

This past Monday law enforcement put locks on the doors of KOD. “Much of the inside was already empty,” said attorney Glenn Moses. “The sound systems were gone; the liquor cabinet had been cleaned out. The lights are on outside, but there’s nothing really happening inside.”

According to The Shaderoom, the club actually nearly shut down back in 2014 but was instead sold for about $6 million to a group of New York City investors operating under the name “Kodrenyc LLC”.

Court records show that in March 2017, the club’s owners were hit with an additional $1.7 million in accrued and unpaid interest on their mortgage. By August, the club had defaulted.

 Things apparently went even further south this year when a Miami-Dade court named Kenneth Welt the property’s bankruptcy receiver in June. Welt then learned the club had been operating with open, potentially life-threatening code violations, including malfunctioning fire sprinklers. Miami-Dade County closed the building October 5th due to safety violations.