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What does gentrifying mean?

Looking for the meaning or definition of the word gentrifying? Here's what it means.

Verb
  1. present participle of gentrify
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College towns, upscale suburbs, and newly gentrifying urban neighborhoods were indeed becoming Democratic as blue-collar areas moved rightward.
Built in 1913, this brick building is situated between gentrifying Korea Town and the University of Southern California.
City leaders promised solutions, but many of them involved gentrifying poor neighborhoods.
People claim that it is detrimental to the original residents of the gentrifying neighborhood.
It tells the owner of the development that by gentrifying a run-down area of the city, their speculative accumulation actually has a positive, even indispensable social role.
On the Downbelows' debut, Toronto punk vets gang together for an ode to their favourite rapidly gentrifying neighbourhood.

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