Place in Leicestershire, town memorably redeveloped (6,7)
I believe the answer is:
melton mowbray
'place in leicestershire' is the definition.
(Leicester town)
'town memorably redeveloped' is the wordplay.
'redeveloped' indicates an anagram.
'town'+'memorably'='townmemorably'
'townmemorably' is an anagram of 'MELTON MOWBRAY'.
(Other definitions for melton mowbray that I've seen before include "Pork pie town" , "Centre of stilton" .)