The University of Alberta has redeveloped the site of the Bay building on Jasper Avenue between 102 Street and 103 Street as Enterprise Square (2008). "The building will house TEC Edmonton, a jointly operated research commercialization centre presently located in the U of A's Research Transition Facility." The opening of Enterprise Square marks the University's 100th Anniversary and first presence north of the river since it was founded in 1908. Enterprise Square also houses the University's Alumni Services, Faculty of Extension programs, and a U of A Bookstore.