Red Hat Tower is the

headquarters Headquarters (commonly referred to as HQ) denotes the location where most, if not all, of the important functions of an organization are coordinated. In the United States, the corporate headquarters represents the entity at the center or the to ...

Red Hat Red Hat, Inc. is an American software company that provides open source software products to enterprises. Founded in 1993, Red Hat has its corporate headquarters in Raleigh, North Carolina, with other offices worldwide. Red Hat has become ass ...

. It is located at

Raleigh, North Carolina Raleigh (; ) is the capital city of the state of North Carolina and the List of North Carolina county seats, seat of Wake County, North Carolina, Wake County in the United States. It is the List of municipalities in North Carolina, second-most ...

. It was completed in 2004 at a cost of $100 million as a headquarters for

Progress Energy Inc Progress Energy, headquartered in Raleigh, North Carolina, is a subsidiary of Duke Energy and prior to its merger with Duke Energy was a Fortune 500 energy company with more than 21,000 megawatts of generation capacity and $9 billion in annual re ...

and has 19 floors and of space. It is owned by J.P. Morgan Trust Co. In 1999,

Carolina Power & Light Carolina Power & Light (CP&L), later doing business as Progress Energy Inc., was an electrical generation, transmission, and distribution utility based in Raleigh, North Carolina. The company was founded on July 13, 1908 as the result of the merge ...

announced plans for a new headquarters tower. The 2000 merger with

Florida Progress Corporation Duke Energy Florida, formerly Florida Power, was the generation, transmission, and distribution sector of Florida Progress Corporation. The company distributed power over much of central and north Florida. Their service area covers approximately 1 ...

which created Progress Energy increased the need for the new building, which at the time had an estimated cost of $60 million. On February 14, 2002, Progress announced that the new project, costing $80 million, would include retail and residential space as well as offices, with a completion date of 2004. The company bought the two-acre site east of the existing headquarters in 2000. In April 2002, Progress selected Carter & Associates of

Atlanta Atlanta ( ) is the capital and most populous city of the U.S. state of Georgia. It is the seat of Fulton County, the most populous county in Georgia, but its territory falls in both Fulton and DeKalb counties. With a population of 498,715 ...

to develop the project. The first phase would be complete in 2004, with the second phase to follow in 2006. Late in 2002, Progress Energy announced its two new office buildings would be built at the same time. Instead, with commercial construction in a slump, Progress planned to speed up the larger project, which would bring together employees from a number of locations, including

One Hannover Square One City Plaza, formerly called One Bank of America Plaza, is a 17-story skyscraper located at 421 Fayetteville Street in Raleigh, North Carolina with . History One Hannover Square and Two Hannover Square were completed in 1985. Lennar Partners ...

, 333 Corporate Plaza and

One Exchange Plaza 1 (one, unit, unity) is a number representing a single or the only entity. 1 is also a numerical digit and represents a single unit of counting or measurement. For example, a line segment of ''unit length'' is a line segment of length 1. I ...

in downtown Raleigh. On September 2, 2004, the building officially opened with a

ribbon-cutting ceremony An opening ceremony, grand opening, or ribbon-cutting ceremony marks the official opening of a newly-constructed location or the start of an event.

.Dudley Price, "Downtown Raleigh gets boost", ''News & Observer'', September 3, 2004. The January 2011 announcement that Progress will merge with

Duke Energy Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. Overview Based in Charlotte, North Carolina, Duke Energy owns 58,200 megawatts of base-load and peak generation in ...

left the status of Two Progress Plaza in question, since completion of the merger would likely mean the company needs less space. However, on August 25, 2011,

announced plans to move 600 employees from its offices on the N.C. State Centennial Campus. A ribbon cutting ceremony was held June 24, 2013 in the re-branded Red Hat Headquarters.

Gallery

File:Red Hat headquarters at Raleigh, North Carolina, US -- 9 November 2013 (cropped).jpg , November 9, 2013 File:Red Hat Tower.JPG , March 2, 2014 File:Red Hat Tower-2013-10-29.jpeg , October 29, 2013 File:Red Hat Tower -- 15 February 2017 (cropped).jpeg , February 15, 2017

References

External links

* {{coord, 35.7749, -78.6390, region:US-NC_type:landmark, display=title 2004 establishments in North Carolina Buildings and structures completed in 2004 Information technology company headquarters in the United States Red Hat Skyscraper office buildings in Raleigh, North Carolina