redevelopment

IPA: ridɪvˈɛɫʌpmʌnt

The process of developing something anew.
The demolition of old, redundant or unfashionable buildings or infrastructure and the construction of new ones on the same site.

Examples of "redevelopment" in Sentences

The city announced plans for a major redevelopment of the downtown area, including new shops and residential buildings
The old factory site is being considered for redevelopment into a mixed-use space with offices and green spaces
The community is excited about the upcoming redevelopment project, which will revitalize the neighborhood
The city council approved a budget for the redevelopment of the blighted area, aiming to attract new businesses and residents
The developer presented a bold vision for the waterfront redevelopment, including a marina and recreational facilities