The Morgan Apartment Complex Heads to Auction Amid Bankruptcy Proceedings
The Morgan, a 304-unit apartment complex in South St. Petersburg, is being auctioned with a starting bid of $42 million after entering bankruptcy. The property, built in 1972 and renovated in 2015, spans over 315,000 square feet across 21 acres.
Tampa St. Petersburg, FL, July 31, 2026 —
The Morgan, a substantial apartment complex located in South St. Petersburg, is scheduled for auction with a starting bid set at $42 million. This development follows the property’s entry into bankruptcy proceedings.
The apartment complex, which comprises 304 individual units, encompasses a total area of over 315,000 square feet. The property is situated on an expansive 21-acre site.
Construction of The Morgan was completed in 1972. The property underwent a significant renovation approximately a decade ago, with updates completed in 2015.
Details regarding the specific reasons for the bankruptcy filing or further information about the auction process were not immediately available.
Story summarized from the original created by Amy Kagan on stpetecatalyst.com, see more information here.
