redevelop

[ree-di-vel-uhp]
verb (used with object)
1.
to develop (something) again.
2.
Photography. to submit (a film or the like) to a second development, as to intensify or tone it.
verb (used without object)
3.
to develop again.

Origin:
1880–85; re- + develop

redeveloper, noun
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World English Dictionary
redevelop (ˌriːdɪˈvɛləp)
 
vb
1.  to rebuild or replan (a building, area, etc)
2.  photog to develop (a negative or print) for a second time, in order to improve the contrast, colour, etc
3.  to develop (something) again
 
rede'veloper
 
n
 
rede'velopment
 
n

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Example sentences
Nationally, a generation's worth of efforts to redevelop urban slums haven't
  worked well on the whole.
Local officials had sought ways to redevelop the building.
The government is planning to spend nearly half a billion pounds to redevelop
  this blighted wasteland.
The city council, which owns the site, wants to redevelop it.
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