Want to see what 12 aspirant fashion designers do with $200 worth of red fabric and a deadline? Check out Project Red Dress, Seattle’s wind on Project Runway, this Friday, June 4, at the Fairmont Olympic Hotel.

Established three years ago by local designer and fashion educator Monir Zandghoreishi, Project Red Dress aims to increase money for the American Heart Association — and shine a light on local fashion-design talent.

Taking a page from the popular Lifetime TV show “Project Runway,” Project Red Dress challenges a dozen aspiring designers to make a fabulous red dress in just 16 hours.

A cocktail reception commences at 6:30 p.m., and the runway show kicks off 7:30 in the Spanish Ballroom at the Fairmont. Tickets are $35 for students, $50 for common admission and $75 for prime runway seating and a luxury swag bag.

At the 2006 Met Costume Institute Gala, Sarah Jessica Parker—who arrived with design genius Alexander McQueen, both wearing matching tartans—could never have alleged the sudden suicide of her friend in fashion, just four years later in February 2010.

Nor could she have assumed that she would be the bearer of a posthumous Special Tribute Award, to be presented to McQueen at the Council of Fashion Designers America (CFDA) Awards on June 7, 2010.

At the time of McQueen’s death, SJP called the designer’s work jaw-dropping, and it surely was. Whether you loved or hated Sarah Jessica’s chartreuse strapless frock and blossoming couture cap at the Sex and the City premiere in 2008, one must confess that the look was original and fantastically creative.

Not just anyone could wear that outfit, but that’s the beauty of such a sartorial relationship: Maestro and muse share a single vision.