The untitled crime story takes place in Detroit, said The Hollywood Reporter.
The movie will be set in the backdrop of Detroit's devastating riots that took place over five summer days in 1967.
Bigelow will also produce with Boal and Annapurna Pictures' Megan Ellison and Matthew Budman.
The principal photography on the project will begin in summer.
Boal, 43, has been researching and working on the project, which explores systemic racism in urban Detroit, for more than a year.
Bigelow, 64, previously helmed "The Hurt Locker" and "Zero Dark Thirty," both written by Boal.
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