The story centers on two high school students whose close relationship is strained when one of them starts dating the other one's brother.
Fremon, who also wrote the 2009 "Post Grad," is attached to direct.
Gracie Films is based on the Sony lot.
Gracie was the production company on the 2007 "The Simpsons Movie," 1997's "As Good As It Gets," 1996's "Jerry Maguire" and 1989's "The War of the Roses," among other films.
Fremon is repped by ICM and Kaplan/Perrone Entertainment.