{"id":307625,"date":"2026-06-15T05:24:07","date_gmt":"2026-06-15T05:24:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/307625\/"},"modified":"2026-06-15T05:24:07","modified_gmt":"2026-06-15T05:24:07","slug":"owner-of-troubled-st-pete-apartment-complex-files-for-bankruptcy-amid-mounting-debt-and-deteriorating-conditions","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/307625\/","title":{"rendered":"Owner of troubled St. Pete apartment complex files for bankruptcy amid mounting debt and deteriorating conditions"},"content":{"rendered":"<p>Residents at The Morgan Apartment Complex face mold, broken fire systems and a shuttered pool as their Dallas-based landlord reportedly owes millions.<\/p>\n<p>ST. PETERSBURG, Fla. \u2014 The owners of <a href=\"https:\/\/www.themorganstpete.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">The Morgan Apartments<\/a> on 27th Street S. filed for bankruptcy in April as living conditions at the property continue to deteriorate, leaving tenants contending with mold, overgrown landscaping, nonfunctional fire systems and a pool shuttered since the 2024 hurricane season.<\/p>\n<p>Dallas-based Lurin Real Estate Holdings, which owns the complex, filed for bankruptcy in Texas after falling behind on a <a href=\"https:\/\/www.wtsp.com\/article\/news\/local\/pinellascounty\/tenants-st-petersburg-morgan-apartments-foreclosure\/67-701c2a31-eeba-4408-96b2-5583c64c0d58\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">$46.3 million mortgage<\/a>.\u00a0<\/p>\n<p>                                            &#13;<br \/>\n                                                <img decoding=\"async\" src=\"https:\/\/www.wtsp.com\/assets\/shared-images\/icons\/arrow-circle-down.svg\" alt=\"\" loading=\"lazy\"\/>&#13;<\/p>\n<p>                                            &#13;<br \/>\n                                                This story continues below.&#13;<\/p>\n<p>A lender filed for foreclosure on the property in May.\u00a0<\/p>\n<p>The City of St. Petersburg has also sued the company to recover more than $400,000 in unpaid water bills.<\/p>\n<p>Charles Phillips of the <a href=\"https:\/\/www.stpetersburgtenantsunion.org\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">St. Petersburg Tenants Union<\/a> addressed the St. Petersburg City Council on Thursday, calling on the city to intervene on behalf of residents he described as voiceless.<\/p>\n<p>&#8220;The conditions at the complex are frankly, very shocking,&#8221; Phillips told council members. Phillips said the complex is operating at roughly 30% occupancy.\u00a0<\/p>\n<p>In an interview with 10 Tampa Bay News on Sunday, Phillips described a facility in steep decline \u2014 with an out-of-order laundry center, a pool closed by the Pinellas County Health Department and grass so overgrown that residents risk encounters with snakes while walking outside.<\/p>\n<p>&#8220;It&#8217;s dangerous for people to walk around, walk their dogs, because of snakes and other things,&#8221; Phillips said. &#8220;There is mold, structural damage to a lot of the buildings, management is unresponsive at best and retaliatory and threatening at worst.&#8221;<\/p>\n<p>Last summer, tenants faced the threat of a water shutoff after Lurin <a href=\"https:\/\/www.wtsp.com\/article\/news\/local\/pinellascounty\/st-pete-apartment-landlords-unpaid-utility-bills\/67-ea6d8cc5-b381-4a25-a886-8f6874854905\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">fell behind on utility payments<\/a> to the city. The St. Petersburg Tenants Union also says<a href=\"https:\/\/www.wtsp.com\/article\/news\/local\/pinellascounty\/st-pete-morgan-apartments-fire-safety-eviction-order\/67-d79c3b89-da15-40d9-b2f2-c777cd22514b\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">\u00a0fire safety systems<\/a> at the complex are nonfunctional.<\/p>\n<p>With foreclosure proceedings now underway, Phillips said the moment presents an opening for the city to act.<\/p>\n<p>&#8220;It&#8217;s going to go up at auction, and we would like the city to purchase the property to run it as city-owned public housing like the Jamestown Apartments,&#8221; he said.<\/p>\n<p>Lurin Real Estate Holdings did not respond to multiple requests for comment made over the past several months.<\/p>\n","protected":false},"excerpt":{"rendered":"Residents at The Morgan Apartment Complex face mold, broken fire systems and a shuttered pool as their Dallas-based&hellip;\n","protected":false},"author":2,"featured_media":307626,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[202,204,203,199,201,200],"class_list":["post-307625","post","type-post","status-publish","format-standard","has-post-thumbnail","category-st-petersburg","tag-st-pete","tag-st-pete-headlines","tag-st-pete-news","tag-st-petersburg","tag-st-petersburg-headlines","tag-st-petersburg-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/307625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=307625"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/307625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/307626"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=307625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=307625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=307625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}