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M.A.C. has officially confirmed rumors that it's opening at 691 Fifth Avenue near 54th Street. Landlords for the space, which used to house Elizabeth Arden's Red Door Spa, reportedly asked for $3,000 per square foot in monthly rent. M.A.C. wouldn't comment on what it's paying, but if that's true, it's a New York City record.
The shop will be M.A.C.'s ninth New York store and its second flagship worldwide. It's slated to open in November 2012, just a month before the brand debuts a third flagship in Paris. As construction progresses, look out for colorful installations on the exterior; M.A.C. plans to make sure everyone on Fifth Avenue knows who's moving into the space.
· M.A.C. Might Be Getting a Tiny Yet Expensive Fifth Avenue Store [Racked NY]
· Red Door Spa Just Got a New and Improved Midtown Flagship [Racked NY]
· Record-Breaking Lease Deal Rumored on Fifth Avenue [Retail Traffic Mag]