The film is about an epic battle between dirty cops and a drug-dealing biker gang set in a corrupt 21st century America, reported Ace Showbiz.
The movie also marks a reunion between Hawke and Almereyda, who directed the "Sinister" actor in 2000's "Hamlet".
Anthony Katagas will produce alongside Michael Benaroya, with Ben Sachs serving as executive producer.
Hawke, 42, is currently filming "Predestination" and will next be seen in "Getaway", an action crime which also stars Selena Gomez.