7th Floor, Artfire teaming on street gang drama

Andrew Lau will direct “Revenge of the Green Dragons,” a fact-based drama about street gangs in New York’s Chinatown.

The film is based on an investigative article written for the New Yorker by Fredric Dannen.

Pic is being mobilized by the 7th Floor and Artfire Films with Lau’s Hong King-based Initial A Entertainment.

Film chronicles the rise and fall of a notorious Chinese gang, and intersects with the story of immigrants chasing the American dream.

The 7th Floor’s Allen Bain and Jesse Scolaro will produce with Initial A’s Lau. Andrew Loo and Artfire’s Ara Katz and Art Spigel are co-producers.

“When ‘Revenge of the Green Dragons’ was first published, I turned down a number of movie adaptation offers because I didn’t want to see the article debased into a ‘Year of the Dragon’-style gangster movie,” Dannen said.

Dannen is a true aficionado of Asian crime cinema, having also written the book “Hong Kong Babylon: An Insider’s Guide to the Hollywood of the East.”

The filmmakers hope to begin production in New York in late 2009.

Lau turned “Infernal Affairs” into a trilogy, and the original was the basis for Martin Scorsese’s “The Departed.”

The 7th Floor just wrapped the Rob Legato-directed thriller “Choose” and premiered “The Missing Person” at Sundance. Artfire just wrapped an untitled George Romero thriller and the ensemble comedy “Paper Man.”

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