Seth Gordon (Horrible Bosses) is attached to direct from a script penned by Allen Loeb (The Switch).
The Only Living Boy in New York centers on a young man (Lerman) who learns that his overbearing father is having an affair. The son tries to stop it, only to become involved with the woman as well.
Production is expected to being this autumn, once Lerman has wrapped The Perks of Being a Wallflower.
Lerman will be seen next in Summit Entertainment’s The Three Musketeers, which is set to open in the UK on October 14.