diff --git a/CMakeLists.txt b/CMakeLists.txt
index 269f46255..2b5fe2470 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -1,4 +1,4 @@
-# SPDX-FileCopyrightText: Copyright (c) 2022-2023 NVIDIA CORPORATION & AFFILIATES. All rights reserved.
+# SPDX-FileCopyrightText: Copyright (c) 2022-2024 NVIDIA CORPORATION & AFFILIATES. All rights reserved.
 # SPDX-License-Identifier: Apache-2.0
 #
 # Licensed under the Apache License, Version 2.0 (the "License");
@@ -14,7 +14,7 @@
 # limitations under the License.
 
 cmake_minimum_required(VERSION 3.20.1)
-project(Holohub-internal CXX)
+project(Holohub CXX)
 
 # set CMAKE_MODULE_PATH
 list(APPEND CMAKE_MODULE_PATH ${CMAKE_SOURCE_DIR}/cmake)
@@ -45,7 +45,8 @@ endif()
 
 # Set the default data directory
 set(HOLOHUB_DATA_DIR "${CMAKE_BINARY_DIR}/data" CACHE PATH "Data Download directory")
-set(CMAKE_INSTALL_RPATH "\$ORIGIN/../lib:/opt/nvidia/holoscan/lib/")
+set(CMAKE_INSTALL_RPATH
+    "\$ORIGIN:\$ORIGIN/../../../lib:\$ORIGIN/../../lib:/opt/nvidia/holoscan/lib/")
 
 # Build the applications
 add_subdirectory(applications)
diff --git a/applications/deltacast_transmitter/deltacast_transmitter.yaml b/applications/deltacast_transmitter/deltacast_transmitter.yaml
index 02a501683..9f7a0fa49 100644
--- a/applications/deltacast_transmitter/deltacast_transmitter.yaml
+++ b/applications/deltacast_transmitter/deltacast_transmitter.yaml
@@ -15,7 +15,7 @@
 # limitations under the License.
 ---
 extensions:
- - gxf_extensions/deltacast_videomaster/libgxf_videomaster.so
+ - lib/gxf_extensions/libgxf_videomaster.so
 
 replayer:
   basename: "surgical_video"
diff --git a/applications/endoscopy_tool_tracking/cpp/CMakeLists.txt b/applications/endoscopy_tool_tracking/cpp/CMakeLists.txt
index bf7081763..0e53ac074 100644
--- a/applications/endoscopy_tool_tracking/cpp/CMakeLists.txt
+++ b/applications/endoscopy_tool_tracking/cpp/CMakeLists.txt
@@ -156,29 +156,10 @@ endif()
 # Install application and dependencies into the install/ directory for packaging
 install(
   TARGETS endoscopy_tool_tracking
-  DESTINATION endoscopy_tool_tracking_cpp
-  COMPONENT "holohub-apps"
+  DESTINATION bin/endoscopy_tool_tracking/cpp
 )
 
-file(READ "${CMAKE_CURRENT_SOURCE_DIR}/endoscopy_tool_tracking.yaml" APP_YAML_FILE)
-string(REPLACE "gxf_extensions/lstm_tensor_rt_inference/" "" APP_YAML_FILE "${APP_YAML_FILE}")
-file(WRITE "${CMAKE_BINARY_DIR}/packaging/cpp/endoscopy_tool_tracking.yaml" "${APP_YAML_FILE}")
-
 install(
-  FILES ${CMAKE_BINARY_DIR}/packaging/cpp/endoscopy_tool_tracking.yaml
-  DESTINATION endoscopy_tool_tracking_cpp
-  COMPONENT "holohub-apps"
+  FILES endoscopy_tool_tracking.yaml
+  DESTINATION bin/endoscopy_tool_tracking/cpp
 )
-
-install(
-  DIRECTORY ${CMAKE_BINARY_DIR}/gxf_extensions/lstm_tensor_rt_inference/
-  DESTINATION endoscopy_tool_tracking_cpp
-  FILES_MATCHING PATTERN "*.so"
-  PATTERN "CMakeFiles" EXCLUDE)
-
-install(
-  FILES
-  ${CMAKE_BINARY_DIR}/operators/lstm_tensor_rt_inference/liblstm_tensor_rt_inference.so
-  ${CMAKE_BINARY_DIR}/operators/tool_tracking_postprocessor/libtool_tracking_postprocessor.so
-  DESTINATION endoscopy_tool_tracking_cpp
-  COMPONENT "holohub-apps")
\ No newline at end of file
diff --git a/applications/endoscopy_tool_tracking/cpp/endoscopy_tool_tracking.yaml b/applications/endoscopy_tool_tracking/cpp/endoscopy_tool_tracking.yaml
index 4fbdf366b..11ac047eb 100644
--- a/applications/endoscopy_tool_tracking/cpp/endoscopy_tool_tracking.yaml
+++ b/applications/endoscopy_tool_tracking/cpp/endoscopy_tool_tracking.yaml
@@ -29,11 +29,11 @@ resources:
   gpuMemory: 1Gi
 
 extensions:
-  - gxf_extensions/lstm_tensor_rt_inference/libgxf_lstm_tensor_rt_inference.so
+  - lib/gxf_extensions/libgxf_lstm_tensor_rt_inference.so
 # Uncomment the following extension when using deltacast as a source
-#  - gxf_extensions/deltacast_videomaster/libgxf_videomaster.so
+#  - lib/gxf_extensions/libgxf_videomaster.so
 # Uncomment the following extension when using yuan as source
-#  - gxf_extensions/yuan_qcap/libgxf_qcap_source.so
+#  - lib/gxf_extensions/libgxf_qcap_source.so
 
 source: "replayer"    # "replayer" or "aja" or "deltacast" or "yuan"
 visualizer: "holoviz"  # "holoviz" or "vtk"
diff --git a/applications/endoscopy_tool_tracking/python/CMakeLists.txt b/applications/endoscopy_tool_tracking/python/CMakeLists.txt
index 563ddd230..23c9c9584 100644
--- a/applications/endoscopy_tool_tracking/python/CMakeLists.txt
+++ b/applications/endoscopy_tool_tracking/python/CMakeLists.txt
@@ -67,35 +67,10 @@ endif()
 # Install application and dependencies into the install/ directory for packaging
 install(
   FILES endoscopy_tool_tracking.py
-  DESTINATION endoscopy_tool_tracking_python
-  COMPONENT "holohub-apps"
+  DESTINATION bin/endoscopy_tool_tracking/python
 )
 
-file(READ "${CMAKE_CURRENT_SOURCE_DIR}/endoscopy_tool_tracking.yaml" APP_YAML_FILE)
-string(REPLACE "gxf_extensions/lstm_tensor_rt_inference/" "" APP_YAML_FILE "${APP_YAML_FILE}")
-file(WRITE "${CMAKE_BINARY_DIR}/packaging/python/endoscopy_tool_tracking.yaml" "${APP_YAML_FILE}")
-
 install(
-  FILES ${CMAKE_BINARY_DIR}/packaging/python/endoscopy_tool_tracking.yaml
-  DESTINATION endoscopy_tool_tracking_python
-  COMPONENT "holohub-apps"
+  FILES endoscopy_tool_tracking.yaml
+  DESTINATION bin/endoscopy_tool_tracking/python
 )
-
-install(
-  DIRECTORY ${CMAKE_BINARY_DIR}/gxf_extensions/lstm_tensor_rt_inference/
-  DESTINATION endoscopy_tool_tracking_python
-  FILES_MATCHING PATTERN "*.so"
-  PATTERN "CMakeFiles" EXCLUDE
-)
-
-install(
-  FILES
-    ${CMAKE_BINARY_DIR}/operators/lstm_tensor_rt_inference/liblstm_tensor_rt_inference.so
-    ${CMAKE_BINARY_DIR}/operators/tool_tracking_postprocessor/libtool_tracking_postprocessor.so
-  DESTINATION endoscopy_tool_tracking_python
-  COMPONENT "holohub-apps"
-)
-
-install(
-  DIRECTORY ${CMAKE_BINARY_DIR}/python/lib/holohub
-  DESTINATION endoscopy_tool_tracking_python)
diff --git a/applications/endoscopy_tool_tracking/python/endoscopy_tool_tracking.yaml b/applications/endoscopy_tool_tracking/python/endoscopy_tool_tracking.yaml
index af29308b4..542eb0a7e 100644
--- a/applications/endoscopy_tool_tracking/python/endoscopy_tool_tracking.yaml
+++ b/applications/endoscopy_tool_tracking/python/endoscopy_tool_tracking.yaml
@@ -29,8 +29,8 @@ resources:
   gpuMemory: 1Gi
 
 extensions:
-- gxf_extensions/lstm_tensor_rt_inference/libgxf_lstm_tensor_rt_inference.so
-- gxf_extensions/yuan_qcap/libgxf_qcap_source.so
+- lib/gxf_extensions/libgxf_lstm_tensor_rt_inference.so
+- lib/gxf_extensions/libgxf_qcap_source.so
 
 visualizer: "holoviz" # "holoviz" or "vtk"
 
diff --git a/applications/endoscopy_tool_tracking_distributed/cpp/endoscopy_tool_tracking.yaml b/applications/endoscopy_tool_tracking_distributed/cpp/endoscopy_tool_tracking.yaml
index 5ae03a2fd..f3896bb14 100644
--- a/applications/endoscopy_tool_tracking_distributed/cpp/endoscopy_tool_tracking.yaml
+++ b/applications/endoscopy_tool_tracking_distributed/cpp/endoscopy_tool_tracking.yaml
@@ -19,7 +19,7 @@ extensions:
   - libgxf_cuda.so
   - libgxf_multimedia.so
   - libgxf_serialization.so
-  - gxf_extensions/lstm_tensor_rt_inference/libgxf_lstm_tensor_rt_inference.so
+  - lib/gxf_extensions/libgxf_lstm_tensor_rt_inference.so
 
 replayer:
   basename: "surgical_video"
diff --git a/applications/endoscopy_tool_tracking_distributed/python/endoscopy_tool_tracking.yaml b/applications/endoscopy_tool_tracking_distributed/python/endoscopy_tool_tracking.yaml
index ab95b42aa..dd3da122d 100644
--- a/applications/endoscopy_tool_tracking_distributed/python/endoscopy_tool_tracking.yaml
+++ b/applications/endoscopy_tool_tracking_distributed/python/endoscopy_tool_tracking.yaml
@@ -15,7 +15,7 @@
 # limitations under the License.
 ---
 extensions:
-- gxf_extensions/lstm_tensor_rt_inference/libgxf_lstm_tensor_rt_inference.so
+- lib/gxf_extensions/libgxf_lstm_tensor_rt_inference.so
 
 
 replayer:
diff --git a/applications/h264/h264_endoscopy_tool_tracking/cpp/h264_endoscopy_tool_tracking.yaml b/applications/h264/h264_endoscopy_tool_tracking/cpp/h264_endoscopy_tool_tracking.yaml
index 57254ef5d..b6bcae5ab 100644
--- a/applications/h264/h264_endoscopy_tool_tracking/cpp/h264_endoscopy_tool_tracking.yaml
+++ b/applications/h264/h264_endoscopy_tool_tracking/cpp/h264_endoscopy_tool_tracking.yaml
@@ -19,7 +19,7 @@ extensions:
   - libgxf_videodecoderio.so
   - libgxf_videoencoder.so
   - libgxf_videoencoderio.so
-  - ../../../../gxf_extensions/lstm_tensor_rt_inference/libgxf_lstm_tensor_rt_inference.so
+  - ../../../../lib/gxf_extensions/libgxf_lstm_tensor_rt_inference.so
 
 record_output: true # Setting this to `false` disables H264 encoding of output and recording it to the file.
 
diff --git a/applications/h264/h264_endoscopy_tool_tracking/python/h264_endoscopy_tool_tracking.yaml b/applications/h264/h264_endoscopy_tool_tracking/python/h264_endoscopy_tool_tracking.yaml
index 08f297768..1866c8cc4 100644
--- a/applications/h264/h264_endoscopy_tool_tracking/python/h264_endoscopy_tool_tracking.yaml
+++ b/applications/h264/h264_endoscopy_tool_tracking/python/h264_endoscopy_tool_tracking.yaml
@@ -15,7 +15,7 @@
 # limitations under the License.
 ---
 extensions:
-  - gxf_extensions/lstm_tensor_rt_inference/libgxf_lstm_tensor_rt_inference.so
+  - lib/gxf_extensions/libgxf_lstm_tensor_rt_inference.so
 
 record_output: true # Setting this to `false` disables H264 encoding of output and recording it to the file.
 
diff --git a/applications/high_speed_endoscopy/cpp/high_speed_endoscopy.yaml b/applications/high_speed_endoscopy/cpp/high_speed_endoscopy.yaml
index 8e80b1bd2..a6beca28a 100644
--- a/applications/high_speed_endoscopy/cpp/high_speed_endoscopy.yaml
+++ b/applications/high_speed_endoscopy/cpp/high_speed_endoscopy.yaml
@@ -15,7 +15,7 @@
 # limitations under the License.
 ---
 extensions:
-  - gxf_extensions/emergent_source/libgxf_emergent_source.so
+  - lib/gxf_extensions/libgxf_emergent_source.so
 
 # Modify the width/height and framerate for the camera used
 # Current is for Emergent HB-5000-SB
diff --git a/applications/high_speed_endoscopy/python/high_speed_endoscopy.yaml b/applications/high_speed_endoscopy/python/high_speed_endoscopy.yaml
index d67444f5f..cac6c5276 100644
--- a/applications/high_speed_endoscopy/python/high_speed_endoscopy.yaml
+++ b/applications/high_speed_endoscopy/python/high_speed_endoscopy.yaml
@@ -15,7 +15,7 @@
 # limitations under the License.
 ---
 extensions:
-  - gxf_extensions/emergent_source/libgxf_emergent_source.so
+  - lib/gxf_extensions/libgxf_emergent_source.so
 
 emergent:
   width: 4200
diff --git a/applications/object_detection_torch/CMakeLists.txt b/applications/object_detection_torch/CMakeLists.txt
index cced22d9a..08089e7c6 100644
--- a/applications/object_detection_torch/CMakeLists.txt
+++ b/applications/object_detection_torch/CMakeLists.txt
@@ -119,16 +119,11 @@ if(BUILD_TESTING)
   )
 endif()
 
-# Install application and dependencies into the install/ directory for packaging
-install(
-  TARGETS object_detection_torch
-  DESTINATION object_detection_torch
-  COMPONENT "holohub-apps"
+# Install application
+install(TARGETS object_detection_torch
+        DESTINATION bin/object_detection_torch
 )
 
-install(
-  FILES
-    "${object_detection_torch_BINARY_DIR}/object_detection_torch.yaml"
-  DESTINATION object_detection_torch
-  COMPONENT "holohub-apps"
-)
\ No newline at end of file
+install(FILES object_detection_torch.yaml
+        DESTINATION bin/object_detection_torch
+)
diff --git a/applications/orsi/orsi_in_out_body/cpp/orsi_in_out_body.yaml b/applications/orsi/orsi_in_out_body/cpp/orsi_in_out_body.yaml
index 27c37c999..3488b643e 100644
--- a/applications/orsi/orsi_in_out_body/cpp/orsi_in_out_body.yaml
+++ b/applications/orsi/orsi_in_out_body/cpp/orsi_in_out_body.yaml
@@ -15,7 +15,7 @@
 # limitations under the License.
 ---
 extensions:
-  - gxf_extensions/deltacast_videomaster/libgxf_videomaster.so
+  - lib/gxf_extensions/libgxf_videomaster.so
 
 source: "replayer" # Valid values "replayer", "aja"  or "videomaster"
 
diff --git a/applications/orsi/orsi_multi_ai_ar/cpp/orsi_multi_ai_ar.yaml b/applications/orsi/orsi_multi_ai_ar/cpp/orsi_multi_ai_ar.yaml
index ac98f7381..2f7b0439b 100644
--- a/applications/orsi/orsi_multi_ai_ar/cpp/orsi_multi_ai_ar.yaml
+++ b/applications/orsi/orsi_multi_ai_ar/cpp/orsi_multi_ai_ar.yaml
@@ -15,7 +15,7 @@
 # limitations under the License.
 ---
 extensions:
-  - gxf_extensions/deltacast_videomaster/libgxf_videomaster.so
+  - lib/gxf_extensions/libgxf_videomaster.so
 
 source: "replayer" # Valid values "replayer", "aja" or "videomaster"
 
diff --git a/applications/orsi/orsi_segmentation_ar/cpp/orsi_segmentation_ar.yaml b/applications/orsi/orsi_segmentation_ar/cpp/orsi_segmentation_ar.yaml
index 2d6c7b06c..55d9c0ca5 100644
--- a/applications/orsi/orsi_segmentation_ar/cpp/orsi_segmentation_ar.yaml
+++ b/applications/orsi/orsi_segmentation_ar/cpp/orsi_segmentation_ar.yaml
@@ -15,7 +15,7 @@
 # limitations under the License.
 ---
 extensions:
-  - gxf_extensions/deltacast_videomaster/libgxf_videomaster.so
+  - lib/gxf_extensions/libgxf_videomaster.so
 
 source: "replayer" # Valid values "replayer", "aja" or "videomaster"
 
diff --git a/dev_container b/dev_container
index 25795e60a..aed4889c2 100755
--- a/dev_container
+++ b/dev_container
@@ -864,6 +864,7 @@ build_and_run() {
     local extra_run_args=""
     local run_app=1
     local install=""
+    local configure_args=""
 
     # Parse CLI arguments next
     while [[ $# -gt 0 ]]; do
@@ -924,7 +925,7 @@ build_and_run() {
             ;;
         --build_args)
             if [[ -n "$2" ]]; then
-                extra_build_args="--configure-args '$2'"
+                configure_args="${configure_args} '$2'"
                 shift 2
             else
                 echo "Error: --build_args requires a value"
@@ -1011,6 +1012,10 @@ build_and_run() {
         container_build_args+=" --docker_file ${docker_file}"
     fi
 
+    if [[ -n "${configure_args}" ]]; then
+        extra_build_args+=" --configure-args ${configure_args}"
+    fi
+
     if [[ -z "$image_name" ]]; then
         if [[ -n "${docker_file}" ]] && [[ "${docker_file}" != "${SCRIPT_DIR}/Dockerfile" ]]; then
             image_name="holohub:${app_name}"
diff --git a/gxf_extensions/CMakeLists.txt b/gxf_extensions/CMakeLists.txt
index de5765ea0..3060e50e8 100644
--- a/gxf_extensions/CMakeLists.txt
+++ b/gxf_extensions/CMakeLists.txt
@@ -13,6 +13,9 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
+set(CMAKE_ARCHIVE_OUTPUT_DIRECTORY ${CMAKE_BINARY_DIR}/lib/gxf_extensions)
+set(CMAKE_LIBRARY_OUTPUT_DIRECTORY ${CMAKE_BINARY_DIR}/lib/gxf_extensions)
+
 add_holohub_extension(deltacast_videomaster)
 add_holohub_extension(emergent_source)
 add_holohub_extension(lstm_tensor_rt_inference)
diff --git a/gxf_extensions/lstm_tensor_rt_inference/CMakeLists.txt b/gxf_extensions/lstm_tensor_rt_inference/CMakeLists.txt
index d8d65f380..6175810cc 100644
--- a/gxf_extensions/lstm_tensor_rt_inference/CMakeLists.txt
+++ b/gxf_extensions/lstm_tensor_rt_inference/CMakeLists.txt
@@ -18,7 +18,7 @@ project(gxf_lstm_tensor_rt_inference)
 find_package(holoscan REQUIRED CONFIG
              PATHS "/opt/nvidia/holoscan" "/workspace/holoscan-sdk/install")
 
-             # Create library
+# Create library
 add_library(gxf_lstm_tensor_rt_inference_lib SHARED
   tensor_rt_inference.cpp
   tensor_rt_inference.hpp
@@ -45,3 +45,8 @@ add_library(gxf_lstm_tensor_rt_inference SHARED
 target_link_libraries(gxf_lstm_tensor_rt_inference
   PUBLIC gxf_lstm_tensor_rt_inference_lib
 )
+
+install(TARGETS gxf_lstm_tensor_rt_inference_lib
+                gxf_lstm_tensor_rt_inference
+        DESTINATION lib/gxf_extensions
+                )
diff --git a/operators/CMakeLists.txt b/operators/CMakeLists.txt
index ca332744b..cced4d745 100644
--- a/operators/CMakeLists.txt
+++ b/operators/CMakeLists.txt
@@ -50,3 +50,11 @@ add_holohub_operator(XrTransformOp)
 add_holohub_operator(yuan_qcap DEPENDS EXTENSIONS yuan_qcap)
 
 
+# install
+install(
+    DIRECTORY "${CMAKE_BINARY_DIR}/python/lib/holohub"
+    DESTINATION python/lib
+    FILE_PERMISSIONS OWNER_READ OWNER_WRITE OWNER_EXECUTE GROUP_READ GROUP_EXECUTE WORLD_READ WORLD_EXECUTE
+    DIRECTORY_PERMISSIONS OWNER_READ OWNER_WRITE OWNER_EXECUTE GROUP_READ GROUP_EXECUTE WORLD_READ WORLD_EXECUTE
+    PATTERN "__pycache__" EXCLUDE
+)
diff --git a/operators/lstm_tensor_rt_inference/CMakeLists.txt b/operators/lstm_tensor_rt_inference/CMakeLists.txt
index 7bcbf4183..3e6720c13 100644
--- a/operators/lstm_tensor_rt_inference/CMakeLists.txt
+++ b/operators/lstm_tensor_rt_inference/CMakeLists.txt
@@ -29,3 +29,7 @@ target_include_directories(lstm_tensor_rt_inference INTERFACE ${CMAKE_CURRENT_SO
 if(HOLOHUB_BUILD_PYTHON)
     add_subdirectory(python)
 endif()
+
+# Installation
+install(TARGETS lstm_tensor_rt_inference)
+
diff --git a/operators/tool_tracking_postprocessor/CMakeLists.txt b/operators/tool_tracking_postprocessor/CMakeLists.txt
index 19e1767b7..cc90a3e54 100644
--- a/operators/tool_tracking_postprocessor/CMakeLists.txt
+++ b/operators/tool_tracking_postprocessor/CMakeLists.txt
@@ -33,3 +33,6 @@ target_include_directories(tool_tracking_postprocessor INTERFACE ${CMAKE_CURRENT
 if(HOLOHUB_BUILD_PYTHON)
     add_subdirectory(python)
 endif()
+
+install(TARGETS tool_tracking_postprocessor)
+
diff --git a/tutorials/creating-multi-node-applications/scenario2/endoscopy_distributed_app.yaml b/tutorials/creating-multi-node-applications/scenario2/endoscopy_distributed_app.yaml
index ecf80c089..7549e3513 100644
--- a/tutorials/creating-multi-node-applications/scenario2/endoscopy_distributed_app.yaml
+++ b/tutorials/creating-multi-node-applications/scenario2/endoscopy_distributed_app.yaml
@@ -15,7 +15,7 @@
 # limitations under the License.
 ---
 extensions:
-- gxf_extensions/lstm_tensor_rt_inference/libgxf_lstm_tensor_rt_inference.so
+- lib/gxf_extensions/libgxf_lstm_tensor_rt_inference.so
 
 aja:
   width: 1920