When the bazaars lose their traditional functions, characters, and identities through urban development, they also lose their importance as the element of intangible cultural heritage defining the behaviors and life styles of the local people traditionally, and as the channel of human interaction. Within this context, this article aims to research what the sustainable architectural elements of historical bazaars are after restoration and their relationship with the social and cultural components critically by addressing the historical Mardin Spice Bazaar as a case study. Qualitative research method was used in the study. The primary data was collected through the observations in Mardin Bazaar and in-depth interviews with the shop owners and customers. In the results of the study, it is seen that the restoration applications carried out in Mardin Spice Bazaar were intended for improving only the physical conditions of the bazaar, and has focused on the spatial statuses and have not considered the human activities. The study is significant for investigating the pros and cons of the restoration projects, which were applied to make the traditional bazaars more attractive as the touristic attraction centers, over the intangible cultural heritage values.