Current Site
In 1997, Aderhold Properties began the renovation and redevelopment of the historic Fulton Cotton Mill in Atlanta into a community of 505 loft apartments named "The Fulton Cotton Mill Lofts" (FCM for short).
In 1999, during the loft-conversion construction, a major fire broke-out in one of the under-construction buildings. The shell survived but the entire interior had to be rebuilt. The "Cabbagetown loft fire", as it came to be known, is still well-remembered because of the operator who was trapped at the top crane, unable to escape. Shown on live TV, an Atlanta Fire Department firefighter dangled by a cable from a helicopter in order to rescue him.
As the condominium craze swept through Atlanta in the early-2000s, Aderhold Properties seized the opportunity to renovate and convert three of the rental buildings into for-sale units naming the condos "The Stacks". This name, so given because of the mill's old still-standing smokestacks, was used as a marketing tool to distinguish the for-sale units from the rental units.
On Friday, March 14, 2008 around 9:45 pm, a number of buildings on the premises were damaged by an EF2 tornado. The roof was ripped off the "E" building, and debris and suction created by the wind caused the top floor to collapse, pancaking several floors below in a domino effect. As this building was part of the second phase of condo sales and had just recently begun selling units, only 15 residences had been sold, and few owners were in the building (fortunately all escaped unharmed). Several buildings in the community sustained damage and the decorative wall in the pool area was destroyed.
Read more about this topic: Fulton Bag And Cotton Mills
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