gentrify

“And when you gentrify, you limit the size of the market. China is all about democratizing EVs, and that’s what will ultimately lead Chinese companies to be successful as they go global.”

But the company won’t commit to removing Barrington Plaza from the rental market when the renovations are complete, and they may gentrify and then re-rent the units at inflated market prices.

“I was watching the neighborhood gentrify at the speed of light and I felt like I was watching this neighborhood cannibalize itself. Really, That was the image. I felt like, ‘Oh, my God, I’m watching a community feed on itself.’

The historically Black neighborhood has already begun to gentrify and with the impending arrival of the Metro Crenshaw/LAX Line, known as the K Line, Walker and Greenfield agreed that it is increasingly important to retain as much of the neighborhood’s history as possible.

“Our goal is to retrench,” Keith told me, “gentrify with our people.”