We first reported on the project back in April, when Dan Trachtenberg signed on to make his directorial debut. The story centers on a teenage girl who wakes up in a creepy underground cellar, where she is told by her eerie caretaker (John Goodman) that a nuclear attack has killed off all life on the surface.
Daniel Casey rewrote the script from the original draft by Josh Campbell and Matthew Stuecken. Paramount Insurge is eyeing a $5 million budget for the thriller, although no production schedule was given.
Although Valencia will mark Dan Trachtenberg's directing debut, he was attached to a number of projects after his fan film Portal: No Escape, based on the Portal video game, became an internet sensation. He was once attached to the comic book adaptation Y: The Last Man, although it never got off the ground.