Redevelopment

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Redevelopment

The act or process of redeveloping or renovating a blighted area, as in urban renewal programs.

redevelopment

The restoration and improvement of an existing structure or property.
References in periodicals archive ?
The company has invested pounds 6m at Flintshire Retail Park in Flint on a planned two phase redevelopment comprising 44, 000 sq ft of new retail units.
5m on purchasing the site and a further pounds 2m for the third phase of retail redevelopment at the Gerard Centre.
It and other long-term redevelopment schemes are the fruit of planning that began before Japan's asset bubble; they are also related to recent government promotion of urban revitalization to prod the deflationary economy to life again.
Preliminary redevelopment plans include a 184,000 s/f, six-story building featuring 150 two-bedroom market rate housing units with views of the Rahway River.
A key to the success of this transaction was Related Capital and The Arker Companies' coordination of six different government agencies who collectively worked to spearhead the redevelopment, including the U.S.
Located directly across from Newark's Penn Station, the NJ Performing Arts Center and the planned Minish Park, Harrison's Redevelopment Zone expects to see the beginning of major new developments during 2004 which will provide thousands of housing units and new office structures.
In addition to state support, the Asbury Park Town Council voted unanimously in June to adopt an ordinance approving the Oceanfront Asbury redevelopment plan.