George. (marketed by MODUS)
This isn't a typical builder profile. "George." is a single 116-unit condo/townhome community in Central East Austin that was originally developed by StoryBuilt — an Austin infill developer that collapsed into bankruptcy and receivership in 2023. MODUS Real Estate is the brokerage now marketing and selling the remaining units, not the original developer. Built from public receivership records, trade press, and the project's own site — not a field visit yet.
StoryBuilt, the Austin infill developer that launched "George." in 2022 and originally targeted a Q4 2023 completion, ran into severe capital problems in 2023. It abandoned at least one other East Austin project mid-construction, and by December 2023 three StoryBuilt-affiliated LLCs had filed for bankruptcy. A court-appointed receiver took over roughly two dozen StoryBuilt projects for sale as a portfolio — and George, at 2211 E M Franklin Ave, was explicitly named in that receivership sale listing, at the time reported as 40% complete. A later report described the receivership's claimed portfolio valuation as inflated and noted continuing investor losses. We could not confirm who currently holds legal ownership of the George project post-receivership; one third-party listing aggregator's URL suggests Odyssey Real Estate, but we found no independent confirmation of that on Odyssey's own site or in county records. MODUS Real Estate, the brokerage now marketing the remaining units, does not appear to be the developer of record — its own site describes a sales/marketing/mortgage/title service role, not a building role.
This matters directly to a buyer: when a project changes hands mid-construction through a bankruptcy and receivership, questions about who is legally responsible for construction defects, unfinished common areas, and warranty claims become genuinely unclear in a way they aren't for a standard single-builder community. We could not find any news coverage of buyer-facing disputes at George specifically — but the absence of coverage isn't the same as absence of risk, and this is exactly the kind of situation where a buyer needs direct, written answers before signing.
| Detail | What we found | Source |
|---|---|---|
| What "MODUS" and "George." actually are | MODUS Real Estate is an Austin/Denver brokerage; its new-construction division represents 8 communities including George, but appears to be the sales/marketing team, not the builder or developer. "George." (styled with a period) is the project name — a single 116-unit community, not a company. | (V) 🟢 |
| Original developer | StoryBuilt (legal entities PSW Real Estate LLC / PSW Urban Homes LLC and affiliates), which collapsed into bankruptcy and receivership in Dec 2023. George was named in the receivership's for-sale portfolio. | (V) 🟢 |
| Current ownership | Unresolved. One aggregator's URL slug implies Odyssey Real Estate acquired the asset, but we found no independent confirmation from Odyssey or county records. MODUS appears to be sales/marketing only, not the owner or builder of record. | (BC) 🟠 |
| Project scope | 116 total units at 2211 E M Franklin Ave, Austin (78723): 80 townhomes plus 36 single-family homes (single-family now sold out), plus condo units within the development. Central East Austin, between MLK Jr. Blvd and Manor Road, near but not inside Mueller. | (V) 🟢 |
| Status | Actively selling, not sold out overall. Single-family homes and several townhome floorplans are sold out; condos and remaining townhome plans are available. Original 2022 marketing targeted Q4 2023 completion — that slipped by multiple years, consistent with (but not proven to be solely caused by) the StoryBuilt receivership. | (V) 🟢 |
| Pricing | Condos (1BR, 616–760 sq ft) from roughly $287,000; townhomes (1–2BR, 815–1,736 sq ft) from roughly $336,000–$428,000, per the project's own floorplan page. Other listing aggregators show slightly different "from" prices (around $299,000) — treat exact starting price as approximate pending direct confirmation. | (V) 🟡 |
| Reputation | No BBB profile exists for MODUS Real Estate. StoryBuilt itself has a BBB A+ rating, not accredited, 0 complaints on file — but this rating predates and does not reflect the 2023 bankruptcy/receivership documented independently by trade press. Treat the BBB rating as a poor proxy for risk in this specific case. | (V) 🟢 |
| Tracked incentive | Our tracker's most recent confirmed record shows $20,000 flex cash or a 4.99% rate (2026-07-29). As of this research pass, the project's own site advertises a different, larger offer: 2.99% rate or $40,000 flex cash — suggesting the offer changed after our last confirmed pull. Whether the advertised rate is a permanent buydown or a temporary/teaser rate is not stated. Flagged for a tracker re-check rather than corrected here, since this page reflects the live incentive widget below, not a hand-edited figure. | (BC) 🟠 |
| HOA / condo fees | A third-party aggregator lists an HOA ("George Condominiums") with dues starting around $270+/month, covering common-area maintenance, insurance, and grounds/structure upkeep. We could not independently verify this directly on the project's own site during this pass. | (O) 🟠 |
| Warranty | Not found on any source checked. Given the change in ownership mid-project, who honors a builder warranty today is a genuinely open question — not just an oversight in our research. | (BC) 🟠 |
StoryBuilt's Dec 2023 bankruptcy filings and the subsequent receivership sale process, including George being named in that portfolio at 40% complete. MODUS Real Estate's role as sales/marketing/mortgage/title provider rather than developer, per its own site. The project's location, unit count (116), and unit-type breakdown, cross-checked across the project's own site and independent listing aggregators. The current live incentive banner (2.99%/$40K), read directly from the project's own site as of this pass.
Current legal ownership of the project post-receivership (one aggregator implies Odyssey Real Estate; unconfirmed). Exact starting prices, which vary slightly across sources. HOA dues, sourced from a third party rather than the project's own site directly.
Who is legally responsible for warranty claims and construction defects today. Whether the advertised 2.99% rate is a permanent buydown or temporary. County plat/permit records and HOA/condo declaration filings that would clarify ownership and reserve funding. Any buyer-facing disputes specific to this project — we found none in news coverage, but did not do a full records search.
This project's tracked incentive appears in the live widget below, pulled directly from the same Incentive Tracker data behind the Hot Sheet. As noted in the Snapshot above, the live offer on the project's own site currently differs from our most recent confirmed tracker record — flagged for re-verification.
| Date | Location | Notes |
|---|---|---|
| — | — | No New Home Dispatch field visit yet. Given the ownership and warranty questions above, this is a strong candidate for a direct visit and sales-office interview rather than remote research alone. |
George sits in Central East Austin (78723), outside New Home Dispatch's South Austin/Kyle/Buda/San Marcos priority corridor. We're covering it anyway because the developer-bankruptcy story is a genuine consumer-protection issue that a builder-marketing site would never surface on its own.
Advantage: a real, centrally located East Austin project with condo and townhome options starting under $300,000, an active sales team, and a currently-live incentive offer more generous than what our tracker last confirmed.
Limitation: this project's original developer collapsed into bankruptcy and receivership mid-construction, current legal ownership is unresolved in public sources, and who is contractually responsible for warranty claims today is a genuinely open question — not just something we haven't gotten to yet. This isn't a standard builder profile, and buyers should treat it with the extra diligence that history warrants.
Independent — editorial coverage is not for sale · newhomedispatch.com
Community Explorer · Compare Communities