Meat market's up for redevelopment (4,5)
I believe the answer is:
rump steak
'meat' is the definition.
(rump steak is a kind of meat)
'market's up for redevelopment' is the wordplay.
'for redevelopment' is an anagram indicator (I've seen this in other clues).
'markets'+'up'='marketsup'
'marketsup' with letters rearranged gives 'RUMP STEAK'.
(Other definitions for rump steak that I've seen before include "Meat" , "Cut of beef" , "might be something for the barbecue" .)