In 1888, B.B.& R. Knight Company, the textile giant that made Fruit of the Loom products, purchased the Valley Queen Mill.
[1][2] In 1931, the McIver Family, which owned The Original Bradford Soap Works, bought the Valley Queen Mill from the bankruptcy proceedings related to winding down the business affairs of the B.B.
When Ace Dyeing and Finishing went bankrupt in the 1990s, the state/town took over both the Royal Mill and the Cotton Shed for overdue taxes.
Eventually, they enticed the Struever Brothers to convert the Royal Mill into apartments and more recently they convinced the Thundermist Medical Center to relocated to the Cotton Shed.
The name Riverpoint is derived by virtue of the fact that the North and South branches of the Pawtuxet River merge into a single river at the point immediately behind the Valley Queen Mill, which continues to be the home of Bradford Soap Works.