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The $71 Million Secret: 7 Shocking Updates And Must-Know Facts About The Park On Morton In 2025

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The Park on Morton remains one of the most talked-about and high-value student housing developments in Bloomington, Indiana, especially as the current date is December 21, 2025. This luxury off-campus apartment complex, which caters primarily to students of Indiana University (IU), has recently been the center of a massive real estate transaction, signaling its continued status as a prime investment and a top choice for student living in the area. The combination of its strategic location, high-end amenities, and diverse floor plans keeps it at the forefront of the competitive IU housing market.

The latest and most significant update concerning the property is its massive sale, which made headlines across Monroe County. This transaction confirms the complex's value and the high demand for premium student accommodations near the IU campus. Beyond the sale, the property continues to evolve its offerings to meet the modern demands of university students, from cutting-edge technology to social-centric community spaces.

The Park on Morton: Property Profile and Recent Transaction Details

The Park on Morton is not just an apartment building; it is a comprehensive student living community strategically located in Bloomington, Indiana. Its proximity to the Indiana University campus makes it an extremely desirable address for students seeking a blend of convenience and luxury. Here is a detailed profile of the property, including its most recent financial update.

  • Property Name: The Park on Morton
  • Location: 710 N Morton St, Bloomington, IN 47404
  • Primary Target Demographic: Students of Indiana University (IU)
  • Property Type: Luxury Off-Campus Student Apartment Complex
  • Unit Mix: Features a variety of one-bedroom (1x1), two-bedroom (2x2), three-bedroom (3x3), and four-bedroom (4x4) units, including townhome-style units.
  • Key Features: Spacious floor plans, private bathrooms for each bedroom, in-unit washer and dryer, and modern furniture packages.
  • Recent Major Update (Sale): The property was sold for a reported $71 million.
  • Seller: Coastal Ridge Real Estate (who engaged TSB Realty for the process).
  • Buyer: The buildings were acquired by a New York-based company, according to documents filed in Monroe County.
  • Retail Component: The complex also includes a significant commercial component, featuring approximately 4,200 square feet of retail space.
  • Parking: A large, structured 360-space parking deck is available for residents.

The Luxury Amenities Driving the $71 Million Valuation

The high price tag for The Park on Morton is a direct reflection of its resort-style amenity package, which goes far beyond standard student housing offerings. These facilities are designed to promote both academic success and social well-being, creating a vibrant community atmosphere for residents.

The complex provides a true student-focused lifestyle, ensuring residents have access to the latest conveniences and a luxury environment. This focus on premium living is what sets it apart from many other off-campus options in Bloomington.

Top 10 High-End Amenities at The Park on Morton

The community amenities are a major draw for prospective residents and a key factor in the property's overall valuation:

  1. Resort-Style Pool and Sundeck: A large, beautifully maintained outdoor area perfect for relaxing and socializing during the warmer months.
  2. Outdoor Lounge Areas: Equipped with a fire pit and dedicated picnic areas, providing comfortable spaces for gathering.
  3. 24-Hour Fitness Center: A comprehensive gym facility available around the clock, supporting residents' health and wellness goals.
  4. 24/7 Amazon Package Hub: A secure and convenient system for receiving and retrieving packages at any time, a critical feature for online-shopping students.
  5. Spacious Outdoor Courtyard: A communal area designed for relaxation and community events.
  6. Private Study Rooms: Dedicated spaces perfect for group projects or focused individual study, essential for IU students.
  7. Game Room/Lounge: An indoor area for recreational activities and social interaction.
  8. High-Speed Wi-Fi: Reliable, fast internet access throughout the property is a non-negotiable for modern student living.
  9. Private Bathrooms: A major convenience, as every bedroom in the apartment units comes with its own private bathroom.
  10. In-Unit Washer and Dryer: Eliminates the need for shared laundry facilities, adding significant convenience to daily life.

Navigating the Real-World Resident Reviews and LSI Insights

While the amenities and recent sale paint a picture of success, a balanced view requires looking at the experiences of the actual residents. Student housing reviews often cover a wide spectrum, and The Park on Morton is no exception. Prospective residents often search for "The Park on Morton reviews" to get a genuine feel for the living experience.

The feedback available online is mixed, which is common for large-scale student communities. The positive feedback often highlights the apartment's size and condition.

The Positive Feedback

  • Cleanliness and Space: Many residents report that their apartments are clean, spacious, and the furniture is in good shape upon move-in.
  • Maintenance Responsiveness: The maintenance team is often praised for being quick and efficient in addressing issues.
  • Community and Parking: The environment is described as peaceful, with a good parking system and the Amazon Hub system being a major convenience.

The Critical Concerns

However, some residents have expressed significant dissatisfaction, particularly regarding the maintenance of appliances and overall value.

  • Appliance Issues: A major point of contention in critical reviews is the reliability of the appliances, with some residents reporting that they "constantly go out," leading to unexpected costs and frustration.
  • Value for Money: Some strong negative feedback suggests that despite the luxury branding and high rent, the overall experience is "not worth it," calling it the "worst apartment" they have lived in.

This dichotomy in resident feedback highlights the importance of touring the specific unit and carefully reviewing the lease agreement before committing to one of the most expensive student housing options in Bloomington. The transition of ownership to the New York company may also bring about changes in management or maintenance protocols, which future residents should monitor.

Topical Authority: The Morton Street Name and Other Developments

The name "Park on Morton" is not unique in the world of urban development, which adds a layer of complexity for search engine optimization (SEO) and topical authority. While the Bloomington property is a luxury student complex, there is a separate, well-known, and historically significant project called Park Morton in Washington D.C.

This D.C. project is a low-income public housing complex that has been undergoing a long and often controversial redevelopment plan under the New Communities Initiative (NCI). This plan aims to replace the existing 174 public housing units, add new social services, and improve the urban fabric of the area, though it has faced opposition and frustration from the resident council regarding the pace and scope of the equity plan goals.

This distinction is crucial: The Park on Morton (Bloomington) is a private, luxury, market-rate student community, whereas Park Morton (D.C.) is a public housing redevelopment project. The Bloomington complex benefits from its association with the high-traffic "Morton Street" corridor near Indiana University, a key factor in its commercial success and high valuation. Understanding the difference ensures clarity when researching "The Park on Morton" for student accommodation versus urban planning and social equity.

the park on morton
the park on morton

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