To demolish an old building and construct a new one in its place (often used for replacing buildings).
老朽化したマンションを建て替えるため、住民は一時的に退去した。
Residents temporarily moved out so the aging apartment building could be rebuilt.
店の老朽化が進んだので、来年建て替える予定だ。
The store has aged, so it is scheduled to be rebuilt next year.
学校は建て替えのため、近隣の施設を借りて授業を続けている。
The school is borrowing nearby facilities to continue classes during rebuilding.