What is the primary goal of redevelopment?

The primary goal of redevelopment is to convert a property into a higher, more productive use. This typically involves transforming underutilized or obsolete properties into vibrant spaces that meet current needs and demands, thereby enhancing the economic viability and functionality of an area. Redevelopment focuses on maximizing the potential of land and buildings, often by improving infrastructure, increasing density, or introducing new mixed-use developments that can stimulate local economies and contribute to community revitalization.

This approach aims not only to elevate the physical landscape but also to create a more dynamic environment that can attract businesses, residents, and investments. By reimagining how properties are utilized, redevelopment can lead to better land use efficiency and promote sustainable growth within communities.