EXCLUSIVE: The Devil Wears Prada helmer David Frankel is making a deal to direct Fox 2000’s film adaptation of Jess Walter’s 2012 New York Times Best Seller Beautiful Ruins. Sam Mendes brought it to the studio intending to direct, but he stepped out and will produce through Neal Street with Julie Pastor and Karen Rosenfelt. The author is executive producer alongside Neal Street’s Pippa Harris.

The epic story begins in the spring of 1962 off the Ligurian Sea and centers on three young characters who meet during an incident involving the international jet-set in Rome, in the throws of La Dolce Vita-like swirl of the shooting of the film Cleopatra. The script was written by Micah Fitzerman-Blue and Noah Harpster, and Elizabeth Gabler and Erin Siminoff are overseeing for Fox 2000. The intention is to go into production this summer.

WME and Anonymous Content rep Frankel; Mendes is repped by CAA.