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Gentrification is a process of urban renewal and revitalization that involves the influx of wealthier residents into a previously disinvested neighborhood. This process often leads to the displacement of existing residents and businesses, as well as the physical transformation of the built environment. In the context of architecture and urban planning, gentrification is often associated with the construction of new buildings and the renovation of existing ones, as well as the introduction of new amenities and services. These changes often lead to an increase in property values, which can make it difficult for existing residents to remain in the neighborhood.
Companies in the gentrification market include real estate developers, architects, urban planners, and construction firms. These companies are responsible for the design and construction of new buildings, as well as the renovation of existing ones. Additionally, they may provide services such as market analysis, zoning and permitting, and community engagement. Show Less Read more
