Founders Arthur Patchett and William Crabtree became prosperous and upstanding citizens who left their mark on the community they lived in.

An east-west wing built partly over the adjacent dam and its flume is three stories high and houses the Hydroelectric turbines.

[2] The cotton mill failed before it could even begin production and nothing happened with the site until about 1870, when an English immigrant, Edmund Ackroyd, bought the property and added a three-story addition.

Ten years later, William Crabtree and Arthur Patchett bought the mills, focusing its process on spinning at the expense of weaving.

[3] In 1897, they had to establish a branch mill on South Colden Street in Newburgh due to labor shortages in Montgomery.

[4] On Election Day, November 3, 1891, the factory was burned completely to the ground[5] and the current, 50,000-square foot (4,500 m²) structure built in its place.

[5] Sometime before the mid-1920s, the Wallkill Valley Railroad added a route that crossed (and still does) Factory Street near the mill, greatly shortening the distance required to put finished yarns on trains.

If he is able to complete the deal and get approval from the village, he plans to convert the building into a location for his City Winery chain, possibly with some added hotel space.