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The university broke ground in June 2010 on the Mark and Elisia Saab Emerging Technologies and Innovation Center, the first new academic building built from the ground up on campus in 30 years. The building—originally called just the "Emerging Technologies and Innovation Center" or "ETIC," is located on the former site of Smith Hall (demolished in July 2010) -- cost $80 million to construct with funding from a variety of sources including the state, federal government, alumni and other private donors. On March 30, 2011, the university held a topping-off ceremony marking the completion of the ETIC's steel frame. The ceremony also included the opening of a time capsule that was placed in the cornerstone of Smith Hall during its 1947 construction, as well as the compilation of a new time capsule to be included in the Saab Center. The building's grand opening was on Oct. 11, 2012. The center was renamed as the Mark and Elisia Saab Emerging Technologies and Innovation Center in December 2012 in honor of the Lowell couple's generous support for the building and the university overall.

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