Gentrification

Most gentrified buildings have a grey color

Condominiums built in neighborhoods is an example of gentrification

Gentrification is the process of changing how a neighborhood looks like by building better buildings, condominiums or tearing down old buildings to make it look better so that wealthier people and businesses can come live in this neighborhood.^[1]

Background

Gentrification means the transformation of a working-class or vacant area of the main part of a city to middle class residential or commercial area.^[2] Gentrification often increases the economic value of a neighborhood, but changes the demographic of that neighborhood often causing people who lived in this neighborhood for a long time to leave because of rising prices.^[3] Gentrification mainly happens in neighborhoods where there is a large minority population such as African-American or Latinos.^[4]^[5]

Gentrification Media

Early 20th-century damaged buildings next to a new loft tower in Mexico City's Colonia Roma
Gentrification in the Praga district of Warsaw
Buildings on Mainzer Straße in Berlin
Symbolic gentrification in Prenzlauer Berg, Berlin
Gentrification with old and new homes side by side in Old East Dallas
Gentrification in the US: The North Loop neighborhood, Minneapolis, Minn., is the "Warehouse District" of condominia for artists and entrepreneurs.
Ornate Edwardian architecture (seen here in Sutton, United Kingdom).
Local neighbor protesting against tourists in La Rambla (Barcelona, Spain)
19th-century Victorian terrace houses in East Melbourne, Australia.
Bedford-Stuyvesant in New York, traditionally the largest black community in the US.