State officials Governor Jindal and Secretary Moret, in collaboration with Mayor-President Kip Holden, and the Baton Rouge Area Chamber captured this internationally renowned company with incentives to locate downtown and increase the economic viability of Baton Rouge. Complementing this unique partnership is the commitment from Louisiana State University (LSU) to increase computer related graduates, along with riverfront property improvements from The Baton Rouge Area Foundation and Commercial Properties Realty Trust. The riverfront property is projected to contain the IBM facility as well as 85 residential units within a residential complex known as 525 Lafayette. The location of IBM offices in Downtown Baton Rouge will provide over 800 new jobs within the capital region. The groundbreaking for this project took place in September 2013 and a topping celebration was held on December 15th. IBM is expected to occupy the building in third quarter of 2015.