Etymology
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gentrify (v.)

"renovate inner-city housing to middle-class standards," by 1972, from gentry + -fy. Related: Gentrified, which was used from early 19c. of persons.

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Definitions of gentrify

gentrify (v.)
renovate so as to make it conform to middle-class aspirations;
gentrify a row of old houses
gentrify the old center of town
From wordnet.princeton.edu