Put on the street, being old (6)
I believe the answer is:
staged
'put on' is the definition.
(I've seen this before)
'the street being old' is the wordplay.
'the street' becomes 'st'.
'being old' becomes 'aged' (similar in meaning).
'st'+'aged'='STAGED'
(Other definitions for staged that I've seen before include "Put on play or other performance" , "Presented a play" , "Mounted (a play)" , "Put on as theatre would" , "Of a play, brought about" .)