In 1994 Winter Properties purchased the Fulton Bag and Cotton Mill from CSX Railroads, the new name of Seaboard Air-line Railroad.  Construction began in 1996 to revamp the Mill Complex into a mixed-use development which would include retail, performance space, and dining as well as residential space.

Between 1996 and 1998 the plans for the Mill Complex changed.  Residential units remained but the other considered usage for the building was abandoned.  Construction was done in three separate phases which allowed opening the Mill Complex to tenants while the other phases were ongoing. In 1998 the first tenants of the Mill Complex moved in. The development of the Cotton Mill as a loft complex was part of a nationwide trend of reusing industrial spaces for residential purposes.  This trend in urban living began in the 1950s in New York City when artists began to move into vacant industrial spaces to live and work in.

Two disasters occurred at the new lofts in the late 1990s and 2000s.  The first was a fire that broke out in April of 1999.  The fire, while destructive, was better remembered for the daring rescue of crane operator Ivers Sims by firefighter Matt Mosely.  The second disaster occurred in March of 2008 when a tornado ripped through the Cabbagetown neighborhood and downtown Atlanta.  While the lofts were damage they were able to be repaired.  They have remained popular with residents and the community at the Fulton Cotton Mill Lofts. 

The Lofts were a part of a demographic shift that 1990 and 2000s in Cabbagetown.  Over the course of this decade the former residents of the mill were priced out of their homes by rising property values.  The community that had lived in these homes, bound together by common experiences at the Cotton Mill, and cultural connection to Upcountry Georgia, began to rapidly unravel.  Longtime residents who were able to remain in the neighborhood felt increasingly alienated in the place that they called home.