Grand street without a meeting place (5)

I believe the answer is:

venue

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'meeting place' is the definition.
(place for a meeting)

I can't explain the rest of the clue.

(Other definitions for venue that I've seen before include "locale" , "Here we gather" , "Appointed place as for meeting" , "The place where something happens" , "Chosen location" .)

I've seen this clue in the Sydney Morning Herald.

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