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