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redevelop

 
 
/ˌriːdɪˈveləp/ verb [T]

Definition

to make a place more modern by improving old buildings or building new ones: There are plans to redevelop the city's waterfront area.
redevelopment noun [C, U] when a place is redeveloped
(Definition of redevelop verb from the Cambridge Learner's Dictionary © Cambridge University Press)

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