The Blair Witch Project's Eduardo Sánchez has signed onto direct Exists for Haxan Films and Amber Entertainment.

Eduardo Sánchez co-wrote the screenplay with Jamie Nash, which focuses on a group of twentysomething friends who spend a weekend in the woods. The group is savagely hunted by a beast resembling the mysterious creature Bigfoot. Here's what Eduardo Sánchez had to say about this new project.

"The film is the first in a trilogy exploring and reinventing the Bigfoot myth. We all remember the terror of watching such classics as The Legend of Boggy Creek, and I look forward to making Bigfoot scary again."

Robin Crowe, Gregg Hale, Andy Jenkins, Jane Fleming, and Mark Ordesky will produce Exists. Production is scheduled to start in October, in the Austin, Texas facility Spiderwood Studios.

Casting will start in August, and it is said the production is focusing on unknown actors.