The historic building now has 48 low-cost micro-lofts

Starting at $550 a month, residents can rent a one-bedroom unit from 225-800 sq. ft.

The apartments are based on the top two levels

There are no stoves in the units as they are designed for the people who lead busy lifestyles

But the flats contain full bath with shower

And they have cozy bedrooms with built-in beds

As well as tiny living rooms

The tenants can live a vibrant life with 17 retail stores and restaurants kept on the ground floor

This is how the mall looked in the old days

Watch the video here:

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