"Paranormal Activity" director Oren Peli will helm Sobini Films and Icon Productions' "Eliza Graves."
Loosely based on a short story by Edgar Allen Poe, the story tells of a Harvard Medical School graduate who starts working at an insane asylum, unaware that it's now being run by its occupants. Screenplay comes from Joe Gangemi.
There have been several top-tier actors interested in the project in the last ten years, including Jodie Foster in a director task and Ian McKellen and Natalie Portman in starring roles.
Mark Amin and David Higgins of Sobini will produce alongside Icon's Mel Gibson and Bruce Davey.