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What does redevelopment mean?

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

Noun
  1. The process of developing something anew.
  2. The demolition of old, redundant or unfashionable buildings or infrastructure and the construction of new ones on the same site.
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Examples
Meanwhile, Ascot racecourse is to unveil their plans for a major redevelopment on Thursday.
An international specialist in museum surveys will focus on the redevelopment of key displays.
Plans for the redevelopment of a public house in Chiswick were unveiled last week and received an almost unprecedented reaction.
The redevelopment of the State Library is no less critical given the current revolution in information systems.
West Wiltshire District Council has agreed in principle to free up some land for the proposed redevelopment of the waterside area of Trowbridge.
Restoration of the seventeenth-century grade II building is complete following sensitive redevelopment which began early this decade.

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