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Austin-Based Urban Developer Goes Into Receivership, Lays Off Employees

StoryBuilt Fails To Raise Enough Capital To Prevent Mass Layoffs
StoryBuilt's Bruno project, a micro-unit apartment development in South Austin, Texas, is under construction. (CoStar)
StoryBuilt's Bruno project, a micro-unit apartment development in South Austin, Texas, is under construction. (CoStar)
CoStar News
August 10, 2023 | 7:59 P.M.

StoryBuilt, an Austin, Texas-based urban developer, is permanently laying off at least 113 employees after the company failed to raise enough money to keep it afloat.

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