The Woolen Mill was an actual operating mill, which was part of the American Woolen Mills. The building was built in 1881. It continued as a mill through World War II. The American Woolen Mills in Winooski at their peak during WWII employed over 3,000 people making the mills the largest employer in the State of Vermont. A combination of factors contributed to the closing of the mill in 1954 including not only the ending of the war, but also due to the harsh winter climate impacting production prices and the increasing popularity of synthetic fibers.
Over the years since the closing of the operating Woolen Mill a few transformations were made. In 1957 a section of The Woolen Mill burned down leaving only the smoke stack to remain, which can still be seen today. The buildings left were later transformed into Forest Hills and the Country Store. Forest Hills was a department store and the Country Store was where residents could get their groceries. Finally, in 1979 construction began to transform the interiors of the building into unique loft style apartments. It was in 1981 that the first Resident moved into the Woolen Mill.
For more information on the Winooski area and the mills you may consider finding a copy of the book The Mills at Winooski Falls: Winooski and Burlington, Vermont: Illustrated Essays and Oral Histories edited by Laura Krawitt.