The most common and most likely answer to this crossword clue is the 5 plus 5 letter word CLOCK TOWER
I've seen this crossword clue in The Times
C
L
O
C
K
T
O
W
E
R
More clues leading to the result CLOCK TOWER
- Notice drag performer: one looked up to for a time?
- See one pulling faces with hands up on this?
- Perhaps Elizabeth caught person with key bounding to work
- Structure highly indicative of the present time
- Time’s up here
- Shrink grabs bar, tense — time’s up here
- Time up in church, say!
- Time will be on its side
- Notice haulier’s under municipal feature
- One has two hands raised
Buddy explains!

The straight part
We know that "one looked up to for a time?" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case one looked up to for a time? = clock tower.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.