Gentrification

Often, gentrified buildings will have gray, neutral or muted colors to attract a larger number of potential buyers

Condominiums like this in this sort of area are usually a result of gentrification

Gentrification is the process of taking lower income or older neighborhoods and building more expensive, higher class or prettier buildings in them, building condominiums, or tearing down old buildings to make the neighborhood look better, usually to make the neighborhood more attractive to wealthy people and businesses, or by their doing directly.^[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 value of a neighborhood, but changes the demographic of the neighborhood by forcing people who already lived there to leave because of the rising prices caused by the new, higher value buildings built around them.^[3] Neighborhoods where there is a large minority population such as African-American or Latinos are common victims of gentrification.^[4]^[5]

Gentrification Media

Gentrification with old and new homes side by side in Dallas, Texas
Symbolic gentrification in Prenzlauer Berg, Berlin
A building in Mexico City left without repainting, to encourage residents to move out, beside an ultra-modern loft tower
Local neighbor protesting against tourists in La Rambla (Barcelona, Spain)
Gentrification taking place in a Budapest apartment building
Bedford-Stuyvesant in New York, traditionally the largest black community in the US
The Glockenbach district of Ludwigsvorstadt-Isarvorstadt in Munich, Germany
Coffee shop attacked with paint in alleged anti-gentrification attack in the St-Henri neighborhood of Montreal, January 2012
Canale delle Moline in Bologna
Clean up effort by the City of Denver at ink! Coffee in Five Points, Denver. The coffee shop was vandalized following the debut of a controversial ad campaign.