redevelopment
/ˌridɪˈvɛləpmənt/
noun
- The process of improving or rebuilding an area, especially in a city, by replacing old buildings or changing the use of land.
- The city announced a major redevelopment of the old industrial district.
- Many residents were worried about losing their homes during the redevelopment.
- Redevelopment of the waterfront has brought new shops and apartments to the area.
Synonyms