gentrifying

/JH EH1 N T R IH0 F AY0 IH0 NG/
verb
  1. 1

    To renovate or improve something, especially housing or district, to make it more appealing to the middle classes (often with the negative association of pricing out existing residents)

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Source: https://en.wiktionary.org/wiki/gentrify, https://en.wiktionary.org/wiki/gentrifying