ɪn mˈɑːɹtʃ tˈuː θˈaʊzənd twˈɛnti θɹˈiː, ɐ tˈiːm lˈɛd baɪ mˈɛmfɪs dɪvˈɛləpɚ stˈuːɚt hˈæɹɪs pˈɜːtʃɪst ðə stˈɛɹɪk pɹˈɑːpɚɾi fɹʌmðə fˈæmɪli tɹˈʌst ˈoʊnz ðə lˈænd, ænd ɪntˈɛndz tə ɹˌiːdɪvˈɛləp ænd ɹᵻvˈaɪɾəlˌaɪz ðə pɹˈɑːpɚɾi.
In March 2023, a team led by Memphis developer Stuart Harris purchased the Sterick property from the family trust owns the land, and intends to redevelop and revitalize the property.