redevelopment

redevelopment definition - business

redevelopment

The rehabilitating or clearing and improving of already developed urban property. For example, a redevelopment project may rehabilitate an abandoned warehouse and convert it into retail shops and loft apartments.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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