has been expressed, the difficulties of the undertaking have also been noted, including the large size of the property, the height of the floor plates, lack of adequate duct work, environmental issues, and the need to bring the building up to current seismic standards. Further complications toward redevelopment include legal entanglements regarding the ground lease. The Sterick Building is a land lease property wherein the original builders leased the land the building stands on for 99 years without buying the land outright. The land and the building are currently owned separately. The land is owned by The Sterick LLC and the building's lease is held by AXA Equitable Life Insurance Company. 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. In 1994, some shots of the movie, The Client were taken around this building. Gallery See also National Register of Historic Places listings in Shelby County, Tennessee References External links Sterick Building at Night, Rhodes College Digital Depository Skyscraper office buildings in Memphis, Tennessee Office buildings on the National Register of Historic Places in Tennessee Commercial buildings completed in 1928 Office buildings completed in 1928 1928 establishments in Tennessee National Register of Historic Places in Memphis, Tennessee