Real estate firm StoryBuilt is currently in the process of selling its $2 billion development pipeline. The commercial and residential projects are being marketed by A&G Real Estate Partners and Onyx Asset Advisors through a receiver sale.
The portfolio includes 28 projects, with five properties that are either partially or nearly completed in Seattle. Other properties can be found in Austin, Denver, and Dallas. Interested buyers have the option to purchase the entire pipeline or individual properties.
Among the notable developments in Seattle are “Stanley,” a townhome project consisting of 19 units that is currently 75% complete in Georgetown neighborhood, as well as “Josephine,” an approved site for 380 apartment units.
Founded back in 2009, StoryBuilt has been facing financial challenges such as lawsuits and recent layoffs. In order to improve their financial situation, they have voluntarily entered into receivership.
