Redeveloping refers to the process of revitalizing or renovating an existing area, typically one that has been neglected or abandoned, with the aim of improving its functionality, aesthetics, and economic potential.
Related terms
Urban Renewal: Urban renewal is the process of improving and revitalizing urban areas through strategic planning and redevelopment initiatives.
Adaptive Reuse: Adaptive reuse involves repurposing existing structures for different uses rather than demolishing them, often leading to sustainable development practices.
Gentrification: Gentrification refers to the transformation of a neighborhood as wealthier individuals move in, leading to rising property values but also displacing lower-income residents.