Producer Arthur "Rush Hour 3" Sarkissian has optioned author Lawrence Sanders novel "The Anderson Tapes" for a feature film.
The book was previously adapted by director Sidney "Serpico" Lumet into a 1971 film starring actor Sean Connery.
Sarkissian will self-finance development of the re-make.
The original film starred Connery as an ex-con in New York who doesn't know he's under surveillance as he tries to rip off a high-rise apartment building.
Sarkissian said the new version will be set in Miami.