Lofts Show Off Tornado Renovation

ATLANTA -- The tornado that hit downtown Atlanta one year ago did a lot of damage to the lofts at the old Fulton Cotton Mill, but today the lofts, known as The Stacks, are back.
This weekend, the doors of The Stacks will be open for a special open house.

"It takes a lot of time to put something like that back together," said Tom Aderhold, president of Aderhold Properties and owner of The Stacks. He appeared on 11 Alive News Saturday Today.

"The damage was bad enough that everyone had to leave for quite some time," he said. "We had between 700 and 800 people, and they had to find somewhere else to live for several weeks."

One resident suffered minor injuries. A dog that was missing was discovered by firefighters days later. He was unharmed.

Everyone has since returned, and now The Stacks is ready to show off some newly-renovated lofts that are on the market.

Saturday's Open House runs from 10 a.m. to 5 p.m. On Sunday, it runs from 1 p.m. to 5 p.m. at 170 Boulevard Avenue, SE. For more information, call 404-588-2728 or log onto http://www.stackslofts.com/.

The property was originally the Fulton Bag & Cotton Mill which was built in 1881 and was one of Georgia's most successful late 19th century textile mills.
In 1999, it was the scene of a dramatic rescue of a crane operator by an Atlanta firefighter during a raging fire.

The Stacks is a Federal Housing Administration (FHA) approved property, which means homebuyers to take advantage of a 3.5% down payment.

Additionally, the First-Time Home Buyers Tax Credit included in the American Recovery and Reinvestment Act of 2009 makes an $8,000 tax credit available to first-time home buyers for the purchase of a principal residence until December 1, 2009.