Minnezona Residences

Min. Invest
$10,000
Target Hold
12 mo
Annualized Returns
10%
Progress - 62% Pledged
Minnezona Framing Progress

Minnezona Framing Progress

Minnezona Second Floor Framing Progress

Minnezona Second Floor Framing Progress

Minnezona Framing Progress

Minnezona Framing Progress

Minnezona Framing Progress

Minnezona Framing Progress

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4 Plex R2.jpg

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Cleared Lot

Cleared Lot

Minnezona Garage Framing Progress

Minnezona Garage Framing Progress

Minnezona Framing Progress

Minnezona Framing Progress

Minnezona Framing Progress

Minnezona Framing Progress

Project Summary

The Minnezona Residences are 1850 sqft 2 bedroom 2 1/2 bath on 3 levels with a 2 car garage and Flex room and private courtyard and balcony's on the 2nd and 3rd levels.

Investment Type Debt
Term 12 Months
Raise Amount $2,480,000

Property Summary

The Minnezona Residences are in the heart of Scottsdale Arizona near famed Old Town, Fashion Square Mall and a short walk to Camelback and Scottsdale Roads in the heart of Scottsdale. Location says it all with these new residences. Artisan Builders has already been approached by an investment group in the hospitality industry who has expressed interest in buying all residences for vacation rentals.

Why Invest?

Sponser is paying a 10% return monthly or 12% deferred for 12 months through the completion and sale of the homes. Artisan Builders is a Scottsdale Arizona based real estate investor and developer and has built and sold 25 homes in the past two years for $15 mil with 29 residences currently under construction in Phoenix and Scottsdale. Our most recent sale just sold first day on the market at full price - add link. This project is fully permitted and under construction with an estimated completion date of December 2019. Artisan Builders has veteran contractor teams that have been successfully building in Arizona for over 30 years with top quality finished products that sell quickly and for top dollar.Artisan Builders is your alternative to traditional real estate investing. We are looking for investors who want performance and a good return on their investment.

Artisan Capital Fund, LLC

Capital Raised to Date $1,825,000.00
Total Capital Required $2,000,000.00
Total Cost $620,000.00 Per Unit Includes Land, All Build Related Costs and Carrying Costs
Sales Prices To Be $758,000.00 Plus Per Unit
Total Sales Price $3,034,000.00 
Estimated Net Profit $554,000.00 or 18%.

 

Financial Sources

Private Investor $1,825,000

Financial Uses

Construction $500,000

Scottsdale Planned Development Projects

Old Town Scottsdale will get its first new hotel in a decade, plus five more.

City planners in metro Phoenix's tourist hotspot say nine new hotels are in various stages of planning, including one in north Scottsdale, six in Old Town and two farther south. 

The last hotel to open in Old Town was the W Hotel in 2008.

The development burst comes after a marked period of slow hotel growth during the recession, according to Randy Grant, Scottsdale's director of planning and development services.

MORE: Downtown plan could double height in certain areas of Old Town, Scottsdale

"There's a confidence in the market," he said, noting increased funding for new hotels. 

He attributes some of the spark to Super Bowl LVII, which the Valley will host in 2023. 

Scottsdale, with about 9,000 hotel rooms, traditionally gets an outsize share of visitors during mega-events. The broader area, including Paradise Valley and Salt River Pima-Maricopa Indian Community, boasts about 13,500 rooms, according to city of Scottsdale data.

1

The proposed Canopy Hotel on Marshall Way and 2nd St. in Scottsdale. Eight new hotels are being proposed for development south of Camelback Road in Scottsdale, with at least six located in Old Town and another in north Scottsdale. (Photo: City of Scottsdale)

WHAT'S COMING?

In total, the new hotels will add approximately 1,300 rooms for the city.

  • The Edition at Waterview: Camelback Road and 73rd Street, 246 rooms.
  • Don and Charlie's: Camelback Road and 75th Street, 181 rooms.
  • Southbridge Hotel: Scottsdale Road and Camelback Road, no room details available yet. 
  • Winfield Hotel: Scottsdale Road and Fourth Avenue, 244 rooms.
  • Canopy by Hilton: First Street and Marshall Way, 178 rooms.
  • Museum Square: Second Street and Marshall Way, 190 rooms.
  • Element at SkySong: Scottsdale Road and SkySong Boulevard, 153 rooms.
  • Papago Plaza: Scottsdale Road and McDowell Road, no room details available yet.
  • Fairfield Marriott at DC Ranch Crossings: Pima Road and Trailside View, 125 rooms.

Only one of the hotels, Element at Skysong, has broken ground. All others, except Southbridge, has plans working their way through the city. 

ONE COULD REACH 15 STORIES

Museum Square is expected to be the tallest at between 130-150 feet, or about 13-15 stories.

Such heights can be a point of contention for some Scottsdale residents and leaders, while others embrace an urban vibe in parts of Old Town. The city recently passed a downtown development plan that allows buildings just outside the downtown core to rise up to 150 feet.

The developer must provide the city with a public amenity, such as public parking, public art or mobility access and pedestrian walkways.

Southbridge developer Carter Unger said he expects to provide new public parks, plazas and shaded walkways to strengthen pedestrian connections at his project in Old Town. 

Other projects are expected to range between 65 to 90 feet. 

Those with height proposals already submitted include:

  • The Edition at Waterview: 90 feet.
  • Winfield Hotel: 90 feet.
  • Canopy by Hilton: 76 feet.
  • Don and Charlie's: 74 feet.
  • Element at SkySong: 65 feet.

2

The proposed Don and Charlie's Hotel on Camelback and 75th St. in Scottsdale. Eight new hotels are being proposed for development south of Camelback Road in Scottsdale, with at least six located in Old Town and another in north Scottsdale. (Photo: City of Scottsdale)

3

Element at Skysong, off Scottsdale Road and SkySong Blvd., is one of eight new hotels being proposed for development south of Camelback Road in Scottsdale.

4

The Edition at Waterview, off Camelback Road and 73rd St., is one of eight new hotels being proposed for development in Scottsdale

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The proposed Winfield Hotel on Scottsdale Road and 4th Ave. in Scottsdale. Eight new hotels are being proposed for development south of Camelback Road in Scottsdale, with at least six located in Old Town and another in north Scottsdale

The proposed Museum Square Hotel on Goldwater Blvd. and 2nd St. in Scottsdale. Eight new hotels are being proposed for development south of Camelback Road in Scottsdale, with at least six located in Old Town and another in north Scottsdale.

 

Lorraine Longhi, “9 new hotels coming to Scottsdale, with six in Old Town”, Arizona Republic.

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CERTAIN INFORMATION REGARDING THIS OFFERING

THESE UNITS ARE BEING OFFERED WITHOUT REGISTRATION UNDER ANY FEDERAL OR STATE SECURITIES LAWS, BUT ARE BEING OFFERED UNDER AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND UNDER COMPARABLE EXEMPTIONS UNDER VARIOUS STATE SECURITIES LAWS. HOWEVER, THE SECURITIES AND EXCHANGE COMMISSION (“COMMISSION”) HAS NOT DETERMINED THAT THESE UNITS ARE EXEMPT FROM REGISTRATION. THESE UNITS HAVE NOT BEEN REVIEWED, APPROVED OR DISAPPROVED BY THE COMMISSION OR ANY STATE SECURITIES COMMISSION, NOR HAS THE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY, ADEQUACY, COMPLETENESS OR MERITS OF THIS MEMORANDUM, AND ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. THIS MEMORANDUM DOES NOT CONSTITUTE AN OFFER TO SELL TO, OR A SOLICITATION OF AN OFFER TO BUY FROM, NOR SHALL ANY OF THE UNITS BE OFFERED OR SOLD TO, ANY PERSON IN ANY JURISDICTION IN WHICH SUCH AN OFFER, SOLICITATION, PURCHASE, OR SALE IS UNLAWFUL OR UNAUTHORIZED UNDER THE SECURITIES LAWS OF SUCH JURISDICTION.

THE STATEMENTS MADE HEREIN ARE MADE AS OF THE DATE ON THE COVER OF THIS OFFERING MEMORANDUM. THIS OFFERING MEMORANDUM CONSTITUTES AN INVITATION TO THE PROSPECTIVE INVESTOR TO SUBMIT AN OFFER TO SUBSCRIBE. NO PERSON MAY PURCHASE THE UNITS OFFERED HEREBY EXCEPT PURSUANT TO AN EXECUTED SUBSCRIPTION AGREEMENT IN THE FORM PRESCRIBED BY THE FUND, AND THEN ONLY FROM A PERSON TO WHOM THE FUND OR ITS DESIGNATED AGENT HAS DELIVERED A COPY OF THIS OFFERING MEMORANDUM.

THESE UNITS ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED BY THE FUND. INVESTORS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME. THERE IS CURRENTLY NO PUBLIC MARKET FOR THESE UNITS.

IN MAKING A DECISION TO PURCHASE UNITS HEREUNDER, PROSPECTIVE INVESTORS MUST CONDUCT THEIR OWN INDEPENDENT INVESTIGATION OF THE FUND AND THE TERMS OF THIS OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED, AND ARE ENCOURAGED TO CONSULT WITH THEIR ADVISORS AS THEY WILL BE REQUIRED TO REPRESENT THAT THEY ARE ABLE TO BEAR THE ECONOMIC RISK OF THEIR INVESTMENT AND THAT THEY ARE FAMILLIAR WITH AND UNDERSTAND THE FUNDAMENTAL RISKS AND TERMS OF THIS OFFERING.

NO PERSON HAS BEEN AUTHORIZED TO GIVE ANY INFORMATION OR MAKE ANY REPRESENTATION WITH RESPECT TO THE OFFERING OF THE UNITS WHICH IS NOT CONTAINED OR REFERENCED HEREIN, AND, IF GIVEN OR MADE, SUCH INFORMATION OR REPRESENTATION MUST NOT BE RELIED UPON AS HAVING BEEN AUTHORIZED BY THE FUND. POTENTIAL INVESTORS MAY, IF THEY SO DESIRE, MAKE INQUIRIES OF THE FUND WITH RESPECT TO THE FUND’S BUSINESS OR ANY OTHER MATTERS SET FORTH HEREIN, AND MAY OBTAIN ANY ADDITIONAL INFORMATION WHICH SUCH PERSON DEEMS TO BE NECESSARY IN ORDER TO VERIFY THE ACCURACY OF THE INFORMATION CONTAINED IN THIS MEMORANDUM (TO THE EXTENT THAT THE FUND POSSESSES SUCH INFORMATION OR CAN ACQUIRE IT WITHOUT UNREASONABLE EFFORT OR EXPENSE).

April 05 2020

Confidential Offering Memorandum: Artisan Builders

PROSPECTIVE INVESTORS ARE CAUTIONED NOT TO CONSTRUE ANY CONTENTS OF THIS OFFERING MEMORANDUM OR ANY PRIOR OR SUBSEQUENT COMMUNICATIONS, AS CONSTITUTING INVESTMENT, LEGAL OR TAX ADVICE; RATHER THEY SHOULD CONSULT THEIR OWN ADVISORS OR COUNSEL WITH THE CAPACITY TO ADVISE AND PROTECT THEIR INTEREST IN CONNECTION WITH ALL MATTERS CONCERNING THIS OFFERING MEMORANDUM.

THIS OFFERING MEMORANDUM DOES NOT KNOWINGLY CONTAIN ANY UNTRUE STATEMENT OF A MATERIAL FACT OR OMIT A MATERIAL FACT, AND ANY SUCH MISSTATEMENT OR OMISSION IS DONE WITHOUT THE KNOWLEDGE OF THE PREPARERS OF THIS DOCUMENT OR THE FUND. AS SUCH THE FUND BELIEVES THAT THIS OFFERING MEMORANDUM CONTAINS A FAIR SUMMARY OF THE MATERIAL TERMS OF ALL MATTERS, DOCUMENTS AND CIRCUMSTANCES MATERIAL TO THIS OFFERING. WHILE THE DATA AND STATEMENTS CONTAINED HEREIN ARE BASED UPON INFORMATION BELIEVED TO BE RELIABLE, NO WARRANTY CAN BE MADE AS TO THE ACCURACY OF SUCH INFORMATION OR THAT CIRCUMSTANCES HAVE NOT CHANGED SINCE THE DATE SUCH INFORMATION WAS SUPPLIED. THIS MEMORANDUM CONTAINS SUMMARIES OF CERTAIN PROVISIONS OF DOCUMENTS RELATING TO THE BUSINESS OF THE FUND AND THE UNITS OFFERED HEREBY, AS WELL AS SUMMARIES OF VARIOUS PROVISIONS OF RELEVANT STATUTES AND REGULATIONS. SUCH SUMMARIES DO NOT PURPORT TO BE COMPLETE AND ARE QUALIFIED IN THEIR ENTIRETY BY REFERENCE TO THE TEXTS OF THE ORIGINAL DOCUMENTS, STATUTES AND REGULATIONS.