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gentrification

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Gentrification

English term for the process by which young professionals (gentry) buy into inner-city areas as part of a neighborhood preservation trend.
Illustrated Dictionary of Architecture Copyright © 2012, 2002, 1998 by The McGraw-Hill Companies, Inc. All rights reserved

gentrification

the renovation and upgrading of buildings, either by programmes of planned urban regeneration or as a result of purchasing decisions made by higher-earning, white-collar, professional and managerial individuals intent on modernizing cheap, dilapidated property in previously unfashionable urban areas. Whether gentrification is planned or unplanned, the poorer sections of the community are often displaced or their needs discounted. The process is also sometimes known as urban recycling.
Collins Dictionary of Sociology, 3rd ed. © HarperCollins Publishers 2000

gentrification

The upgrading of urban property in a deteriorated area, usually resulting in the dispersal of the current residents and their replacement by a more affluent population.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
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References in periodicals archive
Living in a neighborhood that gentrified between 2000 and 2007 is associated with about an 8 point higher increase in credit score compared to living in a low-price neighborhood that did not gentrify. Improving credit outcomes in gentrifying neighborhoods are also reflected in delinquency rates.
Gentrification and financial health
And that, as these areas started to gentrify, working-class white residents were replaced by prosperous whites.
No justice, no latte?
By the late '70s, graffiti had moved from the trains to the walls, and become a key symbol in the efforts of mayors to gentrify low-income communities of color.
The writing on the wall: why are graffiti and vandalism bad words in the left? (Culture)
"Importantly, with Chelsea rents increasing, and neighborhoods east of SoHo continuing to gentrify, you can expect to see more and more galleries moving to the area," added John Bred, principal of PBS Real Estate.
Gallery inks deal to transform former Soho printing factory
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