One Progress Plaza (Raleigh, North Carolina)

One Progress Plaza

One Progress Plaza building.
Former names Center Plaza
CP&L Building
Progress Energy Building
General information
Type Company headquarters
Location 411 Fayetteville Street, Raleigh, North Carolina
Completed 1977
Owner Hawthorn Associates
Technical details
Floor count 21
Floor area 440,000 sq ft (41,000 m2)

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[1] and 440,000 square feet (41,000 m2) of space. It is owned by Hawthorn Associates.

Former names include Center Plaza, CP&L Building, and Progress Energy Building.[1] 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.[2]

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.[3]

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.[4] 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.[5]

References

  1. 1 2 "One Progress Plaza, Raleigh, U.S.A.". Emporis. Retrieved 2011-03-23.
  2. ↑ Dudley Price, "First a tower, now a complex," News & Observer, February 15, 2002.
  3. ↑ Sabine Vollmer, "Progress Energy names downtown project," The News & Observer, August 28, 2003.
  4. ↑ David Bracken, "Progress may leave big, empty space," News & Observer, January 16, 2011.
  5. ↑ David Bracken, "Red Hat will move to downtown Raleigh," News & Observer, August 26, 2011.

Coordinates: 35°46′30″N 78°38′20″W / 35.7749°N 78.6390°W / 35.7749; -78.6390

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