redevelopment

American  

[ree-di-vel-uhp-muhnt] / ˌri dɪˈvɛl əp mənt /

noun

1. the act or process of redeveloping.

2. an often publicly financed rebuilding of an urban residential or commercial section in decline.

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Etymology

Origin of redevelopment

First recorded in 1870–75; re- + development

Example Sentences

But little of the planned redevelopment was completed and in 2024 the site was put back on the market at an asking price of £11m.

From BBC

"It's one of the mills that's never been touched, as in redevelopment, but there's only one thing now - demolition, I think," one man said.

From BBC

Llŷr Wyn Williams, 26 and from Abersoch, works for his dad's construction business and said the construction sector had been "hit the hardest" following a decrease in demand for property redevelopment.

From BBC

The UK has already agreed a £746m deal with Nigeria to fund the redevelopment of the Lagos Port Complex and the TinCan Island Port Complex.

From BBC

The redevelopment plan, valued at $700 million in 2016, underwent years of environmental review and public outreach with neighbors and local business owners.

From Los Angeles Times