Zara, a Spanish sportswear retailer, will open a new store at 689 Fifth Ave. The store will be chain's fifth location in Manhattan. Zara will move into more than 14,000 square feet on one of the world's busiest and most visible shopping corners. The terms for the three floors it leased was at an undisclosed blended rate. However, the asking rent for the ground floor was $1,000 per square foot.