 In 1946, the Vanderbilt mansion at Fifth Avenue and Fifty-First Street was slated to be razed and replaced with a 19-story office building for the Crowell-Collier Publishing Company.In the mid-1950s, Crowell-Collier had heavy deficits and discontinued "The American Magazine", "Collier's", and "Woman's Home Companion".In December 1956 the company closed its Springfield plant, which at one point had employed more than 2,000 people.