The Lex is back on the market after sale falls through

  • Article
  • Updated: July 26, 2013 - 9:01 PM

St. Paul’s classic Lexington restaurant is back on the market, after a group of buyers that had agreed to buy it proved unable to swing the deal.

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hittodeadJul. 26, 13 5:22 PM

A "venerable" restaurant doesn't guarantee competent management, as the current group of amateur owners have demonstrated. Let's get some real restaurant pros in there and make the Lex worthy of its landmark distinction.

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raybeamJul. 26, 13 6:08 PM

When the current owners applied for the permit to allow outdoor seating they promised the neighbors they would control noise. I hate to say I told you so but I told you so. That permit was granted based on those promises. The permit transfers to the new owners … and those promises are out the window. Sorry neighbor but a night club at that location will be a gold mine!

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texas_technomanJul. 26, 13 7:23 PM

Rooftop garden at Grand and Lex..too noisy? Give me a break, who could hear it over the traffic noise!

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dewarfJul. 26, 13 9:22 PM

Had dinner there just a couple months ago. Sad to hear that we may be losing a legend. Since the '60s, I've thought this was one of the most consistent fine dining places in St. Paul (along with the St. Paul Hotel and Lindy's). I hope some competent owners take it over and keep the tradition going.

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hittodeadJul. 26, 13 9:41 PM

Dewarf: "Since the '60s, I've thought this was one of the most consistent fine dining places in St. Paul (along with the St. Paul Hotel and Lindy's)." Do you mean Lindey's Steak House, in Arden Hills? Seriously? That place didn't pass for "fine dining" back in the '60's, let alone today.

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ScottSimonJul. 27, 1312:57 PM

If you could review the comments section that was posted back when this sale was originally announced, you'll find mine that stated the announcement was bogus to begin with. And now I'm proven correct. And note that no names are ever mentioned. The original owners are in WAY OVER THEIR HEADS on this one. They paid too much for a property that was so run down and equipment that would qualify for the scrap yard only. Whoever bought the place NOW would be buying a piece of real estate and little more and need to start from scratch with an outlay in the neighborhood of $1.5 million. These guys were taken to the cleaners. 3 original couples bought the LEX and one couple withdrew within the first 8 months when it became clear that they had been conned. Finally the other two realized there was no way out and have closed it down. I'm guessing unless an extremely naive dreamer can be found, the Lex will become a retail site and never re-open as a restaurant.

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scandigalJul. 27, 13 6:13 PM

No, ScottSimon it was NOT bogus. You should research before you make these kinds of claims. The Star Tribune decided not to "out" the people who were supposed to be the buyers, but other news sources have reported it. You seem to know so much information about this situation, I am shocked that you are not "in the know." A quick search will reveal who the new owners were supposed to be. Next time, get your facts straight before making outrageous claims.

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littlebootsJul. 30, 13 1:09 PM

Another term for "doing business" in Saint Paul is "Going out of business".

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