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What does redevelop mean?

Looking for the meaning or definition of the word redevelop? Here's what it means.

Verb
  1. (transitive) To develop again or differently.
  2. (transitive, photography) To intensify by a second process.
  3. (transitive) To convert a neighbourhood by demolishing old buildings and building new ones, or by renovating existing ones.
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Examples
The businessman behind multi-million pound plans to demolish and redevelop K Village has not yet given up on the site.
Thorn Marine's lease expired in the summer and Peel Holdings plan to redevelop the site for housing.
With plans afoot to redevelop the docklands, the castle neatly bookends that aspiration.
Developers buy old, unused, dilapidated hotels and redevelop them into brand new upscale luxury condos.
One resident who lives two doors away defiantly said he would oppose any plans to redevelop the area.
Two letters to the editor express outrage over the plans to redevelop the Castle Lane area.

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