Band members drum up $34 million plans for old outlet building

Building to include mix of residential, commercial space

Band members buy Reading Outlet Center

READING, Pa. - You may soon be able to purchase a piece of the rock and roll lifestyle.

As members of the band Live, Chad Taylor and Patrick Dahlheimer have sold 20 million records worldwide.

But before they were cool, they were, like many, at the mercy of their parents at the old Reading Outlet Center.

"I can remember my mom dragging me through the buildings and I'm like, 'Are we done yet?'" recalled Dahlheimer, laughing.

"I think I was stuck in a stroller trying to escape and get out," said Taylor of his shopping experience. "And now we're going back in."

York natives Taylor, Dahlheimer and Live drummer, Chad Gracey, teamed up with Bill Hynes under the name Think Spot Development.

The old Reading Outlet Center Building #1, 801 N. 9th St., is the center of their latest project.

"We're about 80 percent leased right now," Hynes explained.  "We have pre-commitments from some major tech companies, cloud computing companies that are going to pay a premium rate to be in here."

They're also planning for as many as 190 units of living space with 24 hour on-site security.

The old outlets the band members once dreaded have become new outlets for their creativity.

"We're involved as artists on the design and the feel," Taylor explained.  "We're going to bring in stainless steel and some really cool, hip appliances… the type of places we would want to stay in."

They hope the $34 million project helps build on the neighboring revitalization projects by local developer Alan Schuman.

The Think Spot team's confident Building #1 will be finished within two years.

Lofty goals strike a familiar chord.

"Just like when we started when we were 13 years old and began a band, it's really the same thing," said Taylor.  "We come up with a vision for what we want to do and then we go out and execute it."

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