Why MAC Might Pay Record-Breaking Rent

Faith Hope Consolo, who heads Prudential Douglas Elliman's retail group, says the deal would make sense for MAC since it no longer has the ground-floor presence it once had on the venerable — and pedestrian-heavy! — thoroughfare. MAC used to live in a ground-floor section of Henri Bendel's with a door that led out to the storied avenue, but they lost it last year. "The day they open their doors, it will be like they never left," says Consolo. "This is a great replacement."