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The Collaborative International Dictionary
Redeveloper

Redevelop \Re`de*vel"op\, v. t. & i.

  1. To develop again; specif. (Photog.), to intensify (a developed image), as by bleaching with mercuric chloride and subsequently subjecting anew to a developing agent.

  2. to rebuild an urban area, usually commercial but sometimes residential; -- typically involving some portion of government involvement and expenditure. [PJC] -- Re`de*vel"op*er, n. -- Re`de*vel"op*ment, n.

Wiktionary
redeveloper

n. An entity, such as a business, engaging in redevelopment