shopstead

Blend of shop +‎ homestead

shopstead (third-person singular simple present shopsteads, present participle shopsteading, simple past and past participle shopsteaded)

1. To buy and renovate abandoned shop facilities that are offered for sale inexpensively as part of an urban renewal policy.
   • 1983, I-83 Construction from Gay St to I-95, Baltimore:

     Many of the previously vacant commercial buildings along Baltimore Street have been "shopsteaded" (the commercial equivalent to homesteading).

   • 2011 Fall, Jennifer Ryan, “Beale street blues? tourism, musical labor, and the fetishization of poverty in blues discourse”, in Ethnomusicology, volume 55, number 3:

     The city offered businesses the option to “shopstead,” a program that rented storefronts for $1 per square foot per year, renewable for up to forty-seven years (Jordan 1986).

shopstead (plural shopsteads)

1. A commercial building that has been or is being renovated as part of a shopsteading program.
   • 1978, “Carter Reveals New Urban Policy”, in Land Use Law & Zoning Digest, volume 30:

     The program is supported by merchants, who see abandoned storefronts in neighborhood shopping strips as hurting their business, and by neighborhood residents, who have been given a say in what types of businesses they want in the shopstead properties.

   • 1994 January 30, Lorraine Mirabella, “Residents fought razing and created model of renewal Washington Hill's REBIRTH”, in The Baltimore Sun:

     While renovating shopsteads, residents and city officials discovered artists needed affordable housing they could adapt for large, open studios.

   • 2010, Edward J. Blakely, Nancey Green Leigh, Planning Local Economic Development: Theory and Practice, →ISBN:

     This means that there must be an identifiable market for goods and services in the shopstead area.

• headposts