One of Brisbane’s most historic inner-city high streets is officially on the cusp of a revival.

The green light has been given to a mixed-use revitalisation of a 2830sq m site at 208-220 Given Terrace, Paddington, in the city’s inner-west.

Dubbed the Paddington Collection, it will comprise two buildings of five and four storeys accommodating 12 luxury apartments and a boutique hotel with 32 suites, respectively.