'We're trying to create a gayborhood,' Ferro says. The space is nestled at the intersection of Washington Avenue and 12th Street in South Beach, close to fellow gay bar Twist and next to the National LGBTQ Task Force's South Florida headquarters. Our music isn't extremely loud where you can't even hear the other person,' Ferro says. WaterLoo's owners prefer to call their venue a drinking room or discotheque rather than a club or bar. 'It's a lounge where people dance. Ahmed Labib and Tony Ferro, business partners and co-owners, decided to open WaterLoo with the goal of offering an inclusive space that's also genuine - reasonably priced drinks, good customer service, and a space meant for locals while keeping a sexy and laid-back aesthetic. Nightlife in Miami can be tough when it seems like all clubs, bars, and venues only want to make a buck off you.