gentrification

noun2

1. •
   The renewal and rebuilding that accompanies the influx of middle class or affluent people into deteriorating areas and often displaces earlier, usually poorer, residents; any example of such a process.

   • Who told you to buy a brownstone on my block, in my neighborhood, on my side of the street? Yo, what you wanna live in a Black neighborhood for, anyway? Man, motherfuck gentrification. — 1989
2. •
   A geographical area that is gradually becoming prosperous due to investment.