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In page Sterick Building:

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Acknowledging the difficulties of redeveloping such a large building, local preservationists also have expressed optimism that a redevelopment boom in downtown Memphis, particularly coupled with increasing residential growth in the neighborhood, may make the Sterick Building, with its height and views over the Mississippi River, a candidate for residential conversion to apartments or condominia. Preservationists have also noted the possibility of tax credits and possible conservation easements for developers.[4]