By  on March 14, 2012

NEW YORK — Zara describes the address of its new 32,000-square-foot flagship at 666 Fifth Avenue as “a couldn’t-be-better location.” And at a price of $324 million, it better be.

Inditex, the Spanish retailer’s parent, paid that amount last March for the retail condo space at 666 Fifth Avenue and 52nd Street in what was at the time the city’s biggest retail condominium deal. On Thursday, Inditex will reveal what it is doing with the expensive real estate when it unveils the latest iteration of its global flagship prototype.

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