In 1857 Joseph Hall, Sr., a weaver born in England, built an industrial-scale woolen mill on the site.

[2] The woolen mill burned in 1943,[citation needed] but manufacturing continued in Hallville until the 1960s.

[3] The district has significance "as an intact representative small-scale 19th-century mill village containing a high concentration of contributing buildings and structures built as components of a company-owned town based initially on so-called Rhode Island manufacturing system."

As such, the mill and its associated village provide physical evidence of the area's economic transition to industrial production during the late 19th century.

Increased traffic volumes on this road, attributed to the nearby Foxwoods and Mohegan Sun casinos, are considered to be a threat to the historic character of the village.