Paddington was one of the first suburbs in Brisbane to undergo "gentrification" in the mid-1980s. Accommodation prices rose sharply as younger white collar workers moved closer to the CBD as factories, and factory workers, were relocated to the outer suburbs. As a result, there was much development in the area. The old Paddington Hotel in Given Terrace was demolished and an American style "tavern" was built in its place, whilst across the road the Paddington movie theatre was demolished in 1981 and a shopping arcade, "The Paddington Centre", was built on its site. On Latrobe Terrace the basic brick functional "Paddington Central" shopping centre (formerly the Paddington Tram Depot) was demolished and a more modern shopping centre was built.