In making the announcement yesterday, president and CEO SteveForbes, who started at the magazine in 1971, said: "As with manyother media companies, such as Conde Nast and the New York Times,the business has simply outgrown the building." He added that thecompany is already working with a developer to create a newheadquarters within New York City.
The Forbes building was constructed in 1924, is eight storieshigh, and built in the largely residential area of GreenwichVillage, for book publisher Macmillan & Co. Forbes acquired thebuilding in 1965 when Macmillan & Co. moved Uptown.
In a memo sent to Forbes Inc. employees yesterday, the companynoted that they will remain at 60 Fifth Ave. and 90 Fifth Ave. forthe next few years.
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