[Tade0]

I can attest to that, as I've seen something of this sort happen in two cities already.

City councils talk of "revitalising" an area, but it's really about getting the most out of prime locations where the rich would had moved in already if it weren't for the dilapidated state of the mentioned.

Interestingly the shift seems to affect businesses the most. The moment the first luxury condo is built/renovated you start seeing a change in the types of services offered. The other day I bought a particularly expensive bagel in a cafe that looked really out of place in the barely standing building where it was located. I'm sure almost none of the people that are long-term residents of this area go there.