to alter (a deteriorated urban neighborhood) through the buying and renovation of houses and stores by upper- or middle-income families or individuals, raising property values but often displacing low-income families and small businesses.
to conform to an upper- or middle-class lifestyle; make appealing to those with more affluent tastes:
Fish and chips have been gentrified.
verb (used without object), gentrified, gentrifying.
to undergo this type of change:
Some neighborhoods gentrify more quickly than others.