In 2002, the Armory was bought and demolished by Boston University. When reopened in 2004, it was renamed as Agganis Arena and is currently used as a gymnasium and most recent addition to Boston University’s Student Village. Harry Agganis was a two sport athlete (baseball and football) for Boston University in the fifties, who in 1951 set three major BU records that varsity season: most touchdown passes in a game (4) most touch down passes in a season (15) and punting average (46.5).3 With the nickname the Golden -Greek, Agganis was the first student at Boston University to be named all-american, and will be forever enshrined at the Agganis Arena and statue present along Commonwealth avenue.
Today, there is a marker in commemoration of the Armory which is used to describe the Commonwealth Armory's function and legacy. It is located in the walkway between Agganis Arena and the Fitness and Recreation center. The marker gives a history of the space, along with pictures of what the space used to look like including a look into the stables and a detailed explanation of the grounds and the living quarters of the troops.