bloft

Noun 1. a formerly unfinished (or demolished) basement of a building, warehouse, factory, or home, made over into a stylish living space but which retains elements of the original space and purpose. 2. any converted or adapted below-grade space that has high enough ceilings and enough natural light that the resident artists or dancers, gallery curator or director and their patrons could possibly forget they're living working or sleeping underground. 3. an awesome and legal basement apartment featuring heated polished concrete floors, glass block walls, exposed rock foundation wall, sunken soaker tub. Verb 1. To create a living space in the basement of one's home that is so expensive and luxurious that you want to go down and live in it yourself, but you can't afford it. Origin: 2010; E compound formation basement + loft (n.), See loft