Members of the band Live, which soared to stardom in the 1990s, have teamed up with a Lehigh Valley developer to bring residents and high-tech workers to an abandoned building in a former Reading outlet mall.
Working through their Lancaster-based company, Think Loud Development, they said they plan to spend more than $36 million to make the project happen.
A crucial, formative piece was securing a major corporate tenant. (Developer Bill) Hynes said Think Loud, formerly known as Think Spot Development, has signed an agreement with an undisclosed high-tech company that will occupy at least 50,000 square feet of the 320,000-square-foot structure.
Hynes said a confidentiality agreement prohibited Think Loud from revealing the identity of the company. It will be disclosed in the next few months, he said.
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