Tempe’s Hayden Flour Mill project gets new backer

Hayden Flour Mill

By Brandon Brown | Phoenix Business Journal

The Hayden Flour Mill redevelopment project in Tempe has a new financial backer and is getting closer to starting construction.

Tempe is leasing out the land to a development group made up of Aparium Hotel Group, Baum Revision and BlueRoad Ventures, all of which are based out of Chicago. New to the team is Dick Portillo, founder of the Portillo’s restaurant chain. Portillo sold the chain to Berkshire Partners for nearly $1 billion in 2014, but he still owns a substantial amount of the Portillo’s restaurant properties.

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