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MEDIA RELEASE

Allentown Parking Authority Approves Land Sale of Farr Lot to 8th Street LLC

Allentown, PA, March 26, 2014 . . . The Allentown Parking Authority voted to approve the sale of the Farr Lot property at 8th and Hamilton Streets in Allentown, PA to 8th Street, LLC. 8th Street LLC is a partnership of Think Loud Development, LLC and GSE Realty, comprised of Butz family members.

Think Loud Development submitted a proposal to the Allentown Parking Authority in October 2013 in partnership with Alvin H. Butz, Inc. The proposed project will include a six-level, 60,000 square foot office/retail facility with a 6,200 square foot restaurant projected for the first level, a 7,800 square foot private VIP lounge projected for the second level, and 7,800 square feet of Class-A office space projected for each of the third through sixth levels. Additionally, the venue will include a three-level, 35,000 square foot club. A pedestrian plaza at the north end of the site will connect North 8th Street to North Lumber Street and provide access from the Arena to the Spiral Parking Deck entrance located on North Lumber Street. The pedestrian plaza will also provide entrances to the restaurant, office/retail lobby and concert venue.

8th Street, LLC will now commence with planning the details of the proposed venue including specific plans for the club component of the building. No tenants have been solidified at this time.

8th Street, LLC anticipates an agreement of sale and closing of the property to occur by July. The design will be completed by the end of the year with construction anticipated to begin in February, 2015. Alvin H. Butz, Inc. will construct the building, and Roberson Butz Architects will design it.

"We are very excited about the opportunity to bring more jobs and opportunity to downtown Allentown," says Bill Hynes, CEO of Think Loud Development. "We'd like to make this project truly unique and special for the city and the entire Lehigh Valley. We look forward to working with Roberson Butz and Alvin H. Butz, Inc. over the next few months to further develop our ideas."

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ABOUT THINK LOUD DEVELOPMENT: Founded in 2011 by CEO Bill Hynes and three of the original members of the multi-platinum band +LIVE+ Chad Taylor, Patrick Dahlheimer and Chad Gracey - Think Loud has quickly established itself as a market leader in commercial land, lease and development projects that serve to enhance culture, civic pride and environment. With 450,000 square feet in ongoing construction, the company is drastically impacting the local communities of York, Allentown and Reading, Pennsylvania with more than $50 million in current investments.

ABOUT ALVIN H. BUTZ, INC. AND THE BUTZ FAMILY OF COMPANIES: The Butz Family of Companies, consisting of Alexander Building Construction Co., Alvin H. Butz, Inc. and Shoemaker Construction Co., provides exceptional, comprehensive construction management and design/build services, led by a strong commitment to complete customer satisfaction with special attention to safety, quality and value. The firm possesses significant experience in the construction of healthcare facilities, colleges/universities, corporate office buildings, manufacturing facilities, sports and entertainment venues, government buildings, K-12 schools and retail buildings serving Pennsylvania, New Jersey and northern Delaware.


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840 W. Hamilton Street, Suite 600, P.O. Box 509, Allentown, PA, 18105-0509 • Phone: (610) 395-6871 Fax: (610) 395-3363
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