The half-hour series is to debut on Fox this fall, airing Tuesday nights. It is described as the story of a "spoiled super-rich Beverly Hills man-child, who tries to turn his life around to reclaim the love of his childhood sweetheart, Emmy Kadubic, the girl who got away."
The single-camera project reunites the "Arrested Development" team of Emmy-winning creator-executive producer Mitch Hurwitz, co-executive producer Jim Vallely and co-star Arnett, who are executive-producing the new comedy along with Eric and Kim Tannenbaum and Peter Principato and Paul Young.
"Arrested Development" alums Joe and Anthony Russo are also onboard as executive producer-directors.
The pilot was written by Hurwitz, Vallely and Arnett.
"We're very excited to be in business with Fox," Kevin Beggs, president of television programming and production for Lionsgate, said in a statement. "And we look forward to a great collaboration with our accomplished producers and outstanding cast led by Will Arnett and Keri Russell."
The show's 13 episodes are to be shot on location in Vancouver, British Columbia, Lionsgate said.