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gentrification
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gentrification

The movement of higher social or economic groups into an area after it has been renovated and restored. This may result in the outmigration of the people who previously occupied the area. Often the classification of an area as a conservation area encourages gentrification. It is one strategy available to planners in urban renewal schemes within the inner city.



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African-American author and publishing industry expert Mark Allen Boone presents The Demise of Luleta Jones, a whodunit novel set in Chicago, Illinois and Nashville Tennessee about the mysterious death of a public school teacher from a recently gentrified neighborhood.
We also live in an area that is becoming more and more gentrified because of gays moving into the area first.
So if we look historically at the Lower East Side, you saw signs of gentrification in the early 1980s, but it was not until several real estate cycles later that it solidly became a gentrified primary market.
 
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