At the behest of Runte's successor, Benoit-Antoine Bacon, Carleton has continued to pursue several major construction projects, notably the Advanced Research and Innovation and Smart Environments (ARISE) Building, replacing the existing Life Sciences Building, to house applied research in smart technology. The University also moved forward with the construction of the Nicol Building, providing 100,000 square feet of new learning spaces for students in the Sprott School of Business. The cost of the building was estimated at around $65 million, but was offset through a sizeable donation of $10 million from the late Ottawa real estate developer and Carleton alumnus, Wes Nicol, for whom the building is namesake. The building is slated for completion in 2021.