An adaptation of the 1983 Mark Helprin novel of the same name, follows Peter Lake, an orphaned mechanic who tries to rob a palatial West Side mansion. There he meets a young dying girl who he becomes determined to save. A flying white horse also figures into the story which is set in both 19th Century and contemporary Manhattan.
Crowe will play a gangster boss with Smith appearing as a judge. Both men have worked with Goldsman on films before.
Production kicks off later this year.
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