Clubs and centres rebuilt in street (8)
I believe the answer is:
crescent
'street' is the definition.
(crescent-shaped street)
'clubs and centres rebuilt' is the wordplay.
'clubs' becomes 'c' (abbreviation used in card games such as bridge).
'and' says to put letters next to each other.
'rebuilt' is an anagram indicator.
'centres' is an anagram of 'rescent'.
'c'+'rescent'='CRESCENT'
'in' is the link.
(Other definitions for crescent that I've seen before include "Shape of new moon" , "Sickle-shape" , "Young-moon shape" , "Shape of new(ish) moon" , "Phase of the moon" .)