By Ron Davis | Phoenix Business Journal
Scottsdale is known within and outside of the Valley as a tourism and party destination, but the city is looking to ramp up its target industries, which are finance, health care, technology and logistics management.
Some of those are coming to new existing and new offices throughout the city.
On the north side of town, a corporate corridor is in the infancy stages of development. Big projects such as Nationwide Realty Investors’ Cavasson have a few office buildings up and running and is considered one of the top office destinations in all of Scottsdale. Nearby, DMB Associates Inc.’s One Scottsdale is also coming out of the ground. In addition to the momentum of these projects, Banner Health and HonorHealth have committed to major expansions through big investments.
Beyond what’s coming out of the ground now, Scottsdale’s Economic Development Director Rob Millar estimates there are between 500 and 700 acres of land in north Scottsdale that could support another two or three corporate headquarters campuses. Once those acres are built out, Millar said at the Phoenix Business Journal’s Growth Summit Scottsdale held on May 23, that the city will need to become more creative with the redevelopment of older and underperforming buildings.
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