Back in the '70s, there was a flick made by this name that offended some Brits. This '04 version has some common elements, but is otherwise not related.
Synopsis:
Tobe Hooper tries in vain to make a movie 1/10th as good as Poltergeist.
Review:
Starring the boyfriend of the gay black cop from The Shield, the premise is that there's this old-ass building (OAB) being let out for apartments. It's a shit hole and was constructed according to the plans of an insane occultist/architecture not named Ivo Shandor, but he would've been around at the same time period and location, so they probably knew each other.
People start randomly dying in tool-related ways, both powered and otherwise, starting with Rob Zombie's wife. Tobe throws out a very obvious red herring character that looks like a dead ringer for the villain. Would have been a good idea were it not so damned obvious. However, given that the OAB is under constant, slow renovation it provides some cover for power drills being run in the middle of the night. That's about the only cover I could see, because Jeffrey Dahmer tried doing that in a building not being renovated and they nailed his ass.
Turns out the OAB is built in such a way as to contain another narrower, multi-level structure inside it. The internal shit hole can access the main shit hole via secret passages. They never explicitly say the occultist-architect is the psycho residing inside the inside but it seems heavily implied.
This is a slightly above average flick due to Tobe kind of knowing what he's doing. I stress "kind of" because all his "twists" make M. Night Shy-Hack-A-Lot look brilliant.
Semi-spoilers follow...
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1) Again, the red herring character is painfully obvious.
2) I understand the dudes moving in have no income but there is SOMEONE in that fucking place well off enough to afford a cell phone. The plot should fall apart with that fact.
3) Unless the building is under perpetual renovation/reconstruction, someone living in that place has heard some of this shit, considering it's been going on since the fucking 1920s. The plot also falls apart there.
4) If you find yourself faced with an unstoppable killing machine that keeps getting back up after being knocked out for a few minutes, take some fucking time and decapitate him or at least tie his shoelaces together.
5) The survivor chick lives because of one particular action she takes about halfway through the movie. It involves writing something. I guess she's so fucking poor she can't afford goddamn paper and she has to write on her arms in black sharpie. Hmm, wait. Her husband is an ER resident and she's a teacher. Well, fuck, ought to have plenty of access to paper just from all the unpaid bills lying around.