The construction of the shopping mall started in 1921 with the assistance of the Soviet Union. It was completed and opened in 1924 as the Central Store or Big Shop, making it the first shopping mall in the country.
Second building
In 1933, it moved to a new building and was called Under Khorshoo. The building was constructed in 1905 and was initially used as a shop. It was a two-story Europeanarchitectural style of building. In 1959, the government of the Mongolian People's Republic decided to make a new building for the shopping mall.