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347 Lexington Google Earth rendering showing location of 347 Lexington Avenue (CityRealty)
Despite being surrounded by skyscrapers, Lexington Avenue south of the Grand Central business district has been able to maintain its old-school character of walk-ups and mid-rise apartment houses. While still overwhelmed by congestion, the avenue’s jagged streetwall and modest shops are a refreshing change from the blockbusters of Midtown. However, the avenue’s resistance to change may be coming to an end with a 31-floor midblock condo at 325 Lexington finished three years ago and a 14-floor rental at 229 Lexington having just topped out.

Yesterday, a building application was filed to build a 20-floor hotel at 347 Lexington, just south of East 40th Street. The project will replace a 3-story commercial building that was once home to breakfast hotspot Bagel Express and a waxing center upstairs. The tower will be fairly slender, having only 25,000 square feet of construction area and 3 to 4 hotel rooms per floor. Queens-based Tan Architect is listed as the architect of record and the lot’s long-time owner is Long Island-based Terrence Cheng under 347 Lexington LLC.
347-Lexington-Avenue-03 347 Lexington Avenue
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