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.

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, 333 Corporate Plaza and One Exchange Plaza in downtown Raleigh.

[7] However, on August 25, 2011, Red Hat announced plans to move 600 employees from its offices on the N.C. State Centennial Campus.

In 2012, Red Hat estimated it would invest around $30 million in renovating and equipping the building.

[9] A ribbon cutting ceremony was held June 24, 2013 in the re-branded Red Hat Headquarters.