gentrify

[jen-truh-fahy]
verb (used with object), gentrified, gentrifying.
1.
to improve (a neighborhood) by gentrification.
verb (used without object), gentrified, gentrifying.
2.
to undergo gentrification: Some neighborhoods gentrify more easily than others.

Origin:
1970–75; gentry + -fy

gentrifier, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
Left to themselves, they will continue to deteriorate or else gentrify as real-estate developers move in to make a killing.
As an area begins to gentrify, a new label often pops up to match the rising property values.
There were those who wanted to convert it, gentrify it.
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