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Over those years, the High Road - and The Square in particular - has established itself as the natural centre of the town. It was a natural evolution - that's where the shops developed and that's where the Civic buildings were built so the centre it became. So the original meaning of 'Middle' Street easily became forgotten - it wasn't the centre of anything in particular any more.
Now, it seems to me - rightly or wrongly - the positioning of the new Tesco may well change Beeston's focus with Middle Street back to what it was - Beeston's center ! I agree, its early days and much depends on whether redevelopment continues on Station Road, below Middle Street but its possible. Personally, I would rather the development result in a revitalised High Road and the pedestian links from the new development may well help that outcome - I, for one, hope so.
We will just have to wait to see whether or not history repeats itself !