Neighborhood transformation refers to the process of significant change in a community's physical, social, and economic environment. This can involve the renovation of buildings, the introduction of new businesses, and improvements in public spaces. Such changes often aim to enhance the quality of life for residents and attract new visitors or investors.
This transformation can be driven by various factors, including urban development initiatives, government policies, and community activism. While it can lead to positive outcomes like increased property values and better services, it may also result in challenges such as gentrification, which can displace long-time residents and alter the neighborhood's cultural identity.