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Tuesday, May 11, 2010

Harvey Noble Buys Again

The house at 1352-4 Bayard Avenue on May 11, 2010.

Harvey Noble, Vice President of Eagle Realty Company and agent for many of the holding companies used by Paul J. McKee Jr. for his Northside Regeneration project, is back in action. On May 4th, Noble used his shell company Feasible Projects LLC to acquire the house pictured above, located at 1352-4 Bayard Avenue in Fountain Park (18th Ward). After McKee went public with his project, Noble emerged again as the agent for a holding company called Urban Assets LLC as well as six new companies incorporated in February 2009. Those companies are Diligent Property LLC, Feasible Projects LLC, Incentive Properties LLC, Marketable Property LLC, Premises Property LLC and Prudent Investor LLC.

As of last July, Urban Assets owned 230 properties, Diligent Property owned three properties and Prudent Investor owned one. No purchased had been made since then until last week. The properties owned by these companies are located in a wide swath of north city that includes wards 1, 3, 4, 5, 18, 19, 21, 22 and 26. McKee as well as Michael Roberts have denied to reporters having any involvement with the operation fronted by Noble.

The most recent deed reveals little information except that one of the dormant shell company names is now being used. Here's a look at the top of the first page:

And here is Noble's signature on the last page:

The signature line states that Noble personally is the sole member of Feasible Projects LLC. That could be true. Although Eagle Realty is best known as a broker/agent and appraiser used by city development agencies, its officers -- Noble and President Steve Goldman -- have owned property in north St. Louis since the 1950s under various company names. On deeds for McKee's holding companies, Noble signed as "Manager" rather than "Member" of the shell companies.

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