Complex sentence: The short street is populated mainly by bars and pubs and is only open to pedestrians in the evenings and during most of the business day, only being open from 8:00am until noon, to allow bars to restock their goods.
Split into simpler sentences: The short street is populated mainly by bars and pubs. It is closed to traffic all evening and most of the business day, only being open from 8:00am until noon, to allow bars to restock their goods.