North Scottsdale is currently the most actively developed area of Scottsdale as it was historically the least built up. This portion of the city also claims many of the most expensive houses in Arizona, with many exceeding $5 million in value. The city’s borders are rapidly expanding to the east and west in this area, containing the McDowell Mountain range. Much of the residential boom in North Scottsdale is driven by available land to build coupled with the fast growth of Scottsdale Airpark, the second largest employment center in the Phoenix metropolitan, and estimated to become the largest by 2010. The Scottsdale Airpark, home to over 55,000 employees, 2,600 businesses and 23,000,000 square feet of office space is expected to continue growing by over 3,000 employees per year. Many important companies are headquartered or have regional headquarters in the park, including AXA, GE Capital, DHL, Discount Tire Company, Fidelity Investments, JDA Software, GoDaddy.com, The Vanguard Group, And Quicken Loans.
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