On the tailwinds of the Elizabeth Arden Red Door Grand Opening party last night, MAC Cosmetics is rumored to be in discussion with a commercial landlord for Red Door’s just-vacated space on Fifth Avenue. The asking price for the aforementioned space is $3,000 per square foot. Boasting about 1,400 square feet, the location at 691 Fifth would therefore be taken over by the makeup company for at least $4.2 million in rental fees.
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