With many of America’s shopping malls permanently closing back in the 2008 recession, the oldest indoor mall in the country has found a new way to keep business afloat: by letting people live there.
The Arcade Providence in Rhode Island is a National Historic Landmark that closed down in 2008. Recognising the building’s history, developer Evan Granoff purchased the place for $7 million and worked with Northeast Collaborative Architects (NCA) to transform it into mixed-use housing.
Keeping the Arcade’s beautiful Greek revival architecture intact, the designers were able to turn dilapidated, run-down shops into 48 low-cost apartments on the top two floors, with 17 commercial establishments on the ground floor.
Each apartment comes with a built-in bed, a bathroom, storage, and a kitchen with a refrigerator, sink, dishwasher, and microwave. There are also common areas like a game room, an on-site laundry facility, bike storage, and parking right across the street.
The Arcade Providence has one-, two-, and three-bedroom units available, with rents starting at $550 a month. You’d have to wait to live inside this historic shopping mall though, because there are already 4000 people on the waiting list!