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redevelopment
rekonstrukcija
I. re·de·vel·op·ment [ˌriːdɪ'veləpmənt] N
redevelopment
redevelopment
II. re·de·vel·op·ment [ˌriːdɪ'veləpmənt] ADJ
redevelopment fund, loan:
redevelopment
urban redevelopment
PONS OpenDict

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Examples from the PONS Dictionary (editorially verified)
Monolingual examples (not verified by PONS Editors)
The medium security facility opened again, and closed in 2004 as part of the redevelopment of the whole complex.
en.wikipedia.org
The city stated it will not provide any funding for the building's restoration or redevelopment.
en.wikipedia.org
However, at the time there was no timeline set for the proposed redevelopment.
en.wikipedia.org
The building was demolished for redevelopment in the early 1990s.
en.wikipedia.org
The phrase used at the time was urban redevelopment.
en.wikipedia.org