I was sent this link after Wednesday's Apple Store post: NYINC.COM.
Zara will be moving into the 666 Fifth Avenue retail condo formally occupied by the NBA store. The 39,000-square-foot retail space between 52nd and 53rd just sold to the Spanish retailer, Inditex SA (ITX), for $324 million....or $8300/square foot!!!
Retail rents on Fifth are now approaching $2300/square foot.