One Progress Plaza (Raleigh, North Carolina)
Encyclopedia
One Progress Plaza is a skyscraper in Raleigh, North Carolina
. It was completed in 1977 as a headquarters for Carolina Power & Light (now Progress Energy Inc
) and has 21 floors and 440000 square feet (40,877.3 m²) of space. It is owned by Hawthorn Associates.
Former names include Center Plaza, CP&L Building, and Progress Energy Building. In 1999, Carolina Power & Light announced plans for a new headquarters tower. The 2000 merger with Florida Progress Corporation
which created Progress Energy increased the need for the new building. The company bought the two-acre site east of the existing headquarters in 2000.
On August 27, 2003, Progress Energy named its headquarters Progress Plaza, intending the name to refer to its entire complex of buildings. Once the new headquarters was complete, the plan was to call the existing headquarters One Progress Plaza and the new building Two Progress Plaza
.
The January 2011 announcement that Progress will merge with Duke Energy
left the status of One Progress Plaza in question, since completion of the merger would likely mean the company needs less space. However, on August 25, 2011, Red Hat
announced plans to take over Two Progress Plaza, so Progress Energy will move its entire Raleigh operation into One Progress Plaza if the merger is completed.
Raleigh, North Carolina
Raleigh is the capital and the second largest city in the state of North Carolina as well as the seat of Wake County. Raleigh is known as the "City of Oaks" for its many oak trees. According to the U.S. Census Bureau, the city's 2010 population was 403,892, over an area of , making Raleigh...
. It was completed in 1977 as a headquarters for Carolina Power & Light (now Progress Energy Inc
Progress Energy Inc
Progress Energy , headquartered in Raleigh, N.C., is a Fortune 500 energy company with more than 21,000 megawatts of generation capacity and $9 billion in annual revenues. Progress Energy includes two major electric utilities that serve approximately 3.1 million customers in the Carolinas and...
) and has 21 floors and 440000 square feet (40,877.3 m²) of space. It is owned by Hawthorn Associates.
Former names include Center Plaza, CP&L Building, and Progress Energy Building. In 1999, Carolina Power & Light announced plans for a new headquarters tower. The 2000 merger with Florida Progress Corporation
Florida Progress Corporation
Florida Progress Corporation a.k.a. Florida Progress was a utility holding company based in St. Petersburg, Florida. The company was the parent company for Florida Power Corporation which distributed power over many parts of central and north Florida. The company merged with Carolina Power & Light...
which created Progress Energy increased the need for the new building. The company bought the two-acre site east of the existing headquarters in 2000.
On August 27, 2003, Progress Energy named its headquarters Progress Plaza, intending the name to refer to its entire complex of buildings. Once the new headquarters was complete, the plan was to call the existing headquarters One Progress Plaza and the new building Two Progress Plaza
Two Progress Plaza
Two Progress Plaza is a skyscraper in Raleigh, North Carolina. It was completed in 2004 at a cost of $100 million as a headquarters for Progress Energy Inc and has 19 floors and of space. It is owned by J.P. Morgan Trust Co....
.
The January 2011 announcement that Progress will merge with Duke Energy
Duke Energy
Duke Energy , headquartered in Charlotte, North Carolina, is an energy company with assets in the United States, Canada and Latin America.-Overview:...
left the status of One Progress Plaza in question, since completion of the merger would likely mean the company needs less space. However, on August 25, 2011, Red Hat
Red Hat
Red Hat, Inc. is an S&P 500 company in the free and open source software sector, and a major Linux distribution vendor. Founded in 1993, Red Hat has its corporate headquarters in Raleigh, North Carolina with satellite offices worldwide....
announced plans to take over Two Progress Plaza, so Progress Energy will move its entire Raleigh operation into One Progress Plaza if the merger is completed.