Developers Turn Old Asylums Into New Homes(April 13, 2006) --
Despite their sometimes spooky histories, former hospitals for the mentally ill are finding new life as condominiums, apartments, and townhomes.
The former Danvers State Hospital in Massachusetts was once called “the scariest building in the world.” But today there’s not much left to be frightened of — except for the pricey rents of $1,400 a month.
Rents are even pricier at the former New York City Lunatic Asylum on Manhattan’s Roosevelt Island. Studio apartments start at $1,700.
And in Oregon, more than 600 people signed up for the first 60 homes built on the site the former Dammasch State Hospital, south of Portland, where the smallest townhouses sell for $250,000.
Source: Associated Press, Ken Maguire (04/12/2006)
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