Gerard Butler is set to play Bodhi in the surfing thriller with Ericson Core attached to direct.
The remake will retain the original story of an FBI agent infiltrating a ring of criminals but will be set in the world of extreme sports.
Bracey most recently appeared in “G.I. Joe: Retaliation” and also had a role in the Selena Gomez movie “Monte Carlo.”
Alcon’s Broderick Johnson and Andrew Kosove are producing along with John Baldecchi, Chris Taylor and Wimmer.
Alcon tested a handful of actors on Friday including “Fifty Shades of Grey” thesp Luke Grimes before picking Bracey for the role. Alcon had eyed Garrett Hedlund and Nicholas Hoult for the part but in the end decided to go for more of an up-and-comer instead of an established name to pair alongside Butler.
Bracey is repped by CAA, Roar and Morrissey Management.