shopstead

Etymology

Definitions

1. 1

   To buy and renovate abandoned shop facilities that are offered for sale inexpensively as…

   To buy and renovate abandoned shop facilities that are offered for sale inexpensively as part of an urban renewal policy.

   • Many of the previously vacant commercial buildings along Baltimore Street have been "shopsteaded" (the commercial equivalent to homesteading).
   • 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).
2. 2

   A commercial building that has been or is being renovated as part of a shopsteading…

   A commercial building that has been or is being renovated as part of a shopsteading program.

   • While renovating shopsteads, residents and city officials discovered artists needed affordable housing they could adapt for large, open studios.
   • This means that there must be an identifiable market for goods and services in the shopstead area.

The neighborhood