This area used to be a slum, but the governmental strategy of gentrification has changed the neighborhood and now it has a really good reputation.
When people evaluate and judge you at every turn, it means you have much fame and reputation. Wouldn't this be terrible if people evaluated and judged you 24/7? Having that kind of fame would be difficult.
This is a jukugo word, which usually means on'yomi readings from the kanji. If you know the readings of your kanji you'll know how to read this as well. The はん changes to ばん, too, so be careful of that.