[jermaustin1]

I'd say that isn't the gentrification, but the fact that a wealth individual can "redevelop" a neighborhood, raising the rents of many less fortunate people who have lived there their entire lives.

Rent Stab/Control exists for a reason, had those generations of people not been there, NYC wouldn't be what it is today. But when the entire neighborhood becomes too expensive because of landlords preferring to run hotels, and the only apartment stock that is affordable is the failing NYCHA properties, then I would consider this a gentrification.