[6] Mercantile Place opened on the property the following year, and during its existence, it was home to Citron-Favell's Women's Wardrobe, Yamato Japanese art bazaar, Pe-co dance academy, and a Woodmen of the World temple, amongst others.

[8] As a result, in February 1914, the board signed a new lease with the Mercantile Improvement Association for $3,500 a month[9] and they held a referendum to decide the future of the property.

[11][12] The new property owners held an architectural design competition, which was won by Kenneth A. MacDonald Jr. and Maurice C. Couchot, who were each awarded $60,000 ($912,558 in 2023).

The reinforced-concrete three-story Arcade building was also quickly completed, with its skylight necessitating more than 18,000 feet of glass.

[15][16][17] Notable tenants at the opening included Crane's Arcade Barber Shop, Desmond's Men's Arcade Shop, the sixth See's Candy store, Sun Drug, Weaver-Jackson ("the largest hair store and beauty parlor in the west"), Western Union, and a United States Post Office.

[15][16][18] In 1932, radio station KRKD erected two self-supporting broadcast towers on the Arcade's roof, each of which supported an AM "hammock" antenna for 1150 kHz.

[21] By 1977, the Broadway-Spring Arcade was noted as being under-utilized and vacant, and it was considered for conversion to low and moderate-income housing for the elderly.