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High Street, Olympus Sell Carrollton Multifamily

Trammell Crow Company’s High Street Residential subsidiary and High Street’s partner Olympus Property have sold Olympus on Main, a 352-unit multifamily property in Carrollton, to Nimes Real Estate. Financial terms weren’t disclosed.

The property, which also includes 4,025 square feet of ground-floor retail space leased by Barrel and Bones, is the third phase in the Union at Carrollton Square transit-oriented development. The project has delivered more than 660 multifamily units to the city of Carrollton, with more slated to deliver by year-end.

“This development has helped in creating an identity for Downtown Carrollton, energizing the city and its residents,” said Joel Behrens, principal of High Street. “We are excited to shift our focus to the fourth phase of this project, Olympus on Broadway, which will deliver 383 multifamily units by the end of 2020.”

Olympus on Main is located adjacent to the Downtown Carrollton Green Line DART station.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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