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'High Street' usually just means the main thoroughfare through the town - the one with most of the shops. Sometimes it is actually called High Street. But often it has a proper name and is also referred to as the High Street. And 'the high street' is also a general designation for a particular kind of shopping environment, so you get phrases like 'high street fashion' and 'high street stores' and news reports about the economy are obsessed with how things translate to 'the high street'.
My guess is that, with it being capitalised, in this case it may actually be called High Street.
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