With a script written by rookie-writer Ann Cherkis, the film follows a New-York based family whose lives are changed when a photo of them appears in New York’s Museum of Modern Art, reports The Wrap.

It will be Robbins’ first feature film as a director since 1999 film Cradle Will Rock, although he has directed two episodes of HBO’s Treme.

Fresh from the success of The Shawshank Redemption, the actor – now 54 – was nominated for an Academy Award as a director in 1996 for Dead Man Walking.

As an actor, Robbins will next appear in Stuart Blumberg’s Thanks for Sharing, which premiered at the Toronto International Film Festival and is set for release in summer 2013.

Robbins’ co-stars Pfeiffer and Moretz recently starred together in Tim Burton’s Dark Shadows. Pfeiffer also starred in Disney’s People Like Us, while Moretz is currently at work on the sequel to Kick-Ass.

UTA will arrange financing for the film, which Alexandra Milchan, Scott Lambert and Aimee Peyronnet are producing.