landbanking North St. Louis Northside Regeneration

Larmer LC Rapidly Buying Property in JVL, St. Louis Place

by Michael R. Allen

I had been waiting for the north side holding companies controlled by Paul McKee to make a move in 2008. Surely the lull of autumn would lead to spring purchases in this buyer’s market. None of the companies have made a single purchase since December.

However, a new company has been quite busy buying property in north city. Larmer LC, incorporated on December 3, 2007 by third-party registrars at the CT Corporation System, has purchased at least 45 properties in JeffVanderLou and St. Louis Place since its incorporation (see them all here). Readers may recall that CT Corporation System registered McKee’s holding companies before registration was transferred to McEagle Properties.

Larmer LC’s tax bills go to the address of 2854 Keokuk Avenue in south city, a building owned by F & B Properties LLC. That connection seems a coincidence. What may not be coincidental is that Larmer has started buying property after the other companies stopped.