The correct answer is To Develop. To make land suitable for commercial or residential purposes, such as building stores or houses for rent or sale, the word used for it is To develop.
Explanation:
In our world, we commonly use the word Development for something where new things like some residential areas, recreational centers, commercial malls, plots, parks, etc are going to be built.
We also say, for example, this city is developing, or has developed a lot over a course of time, which means new residential buildings, apartments, commercial buildings, malls, parks, gym, hotels, restaurants, Hospitals, schools, etc have been opened.
So when the land is made suitable for commercial or residential purposes, the land is said to be developing.
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