Commentary: RENOVATION[+event] redevelopment - the act of improving by renewing and restoring
He needs a place to stay because his building is undergoing renovation.
The renovation of the house took only two months.
WordNet 2.0 Sense Numbers: 1
Commentary: restoration, refurbishment - the state of being restored to its former good condition
The inn was a renovation of a Colonial house.
WordNet 2.0 Sense Numbers: 2