kikipeepers asked
Some buyers are going crazy — over condos at former asylums. Many old state mental hospitals are being eyed for residential development. The ominous Danvers State Hospital in Massachusetts is being transformed into nearly 500 luxury apartments. The state institution was once called the scariest building in the world. It's also rumored to be haunted by the ghosts of former patients. Developer Scott Dale says the notoriety will probably help sales. And in New York City, the site of the old Lunatic Asylum is now home to the 500-unit Octagon apartments. Rents are ten percent higher than expected, with studio apartments starting at $1,700 a month.
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