1. to develop again or in a new way, especially to rebuild or renovate an area
2. to create or improve something again after it has been damaged or become outdated

Examples

• The city plans to redevelop the old industrial district into a shopping center.
• They decided to redevelop the software to make it more user-friendly.
• The company will redevelop the vacant lot into affordable housing.
• After the fire, they had to redevelop their entire business strategy.
• The neighborhood association wants to redevelop the park with new playground equipment.
• Developers are working to redevelop the waterfront area.
• The team needs to redevelop their marketing approach for younger consumers.