Favreau, Karen Gilchrist and Aldamisa co-chairman Sergei Bespalov are producing. Aldamisa is financing along with finance partner Kilburn Media and Mark Manuel.
Favreau is directing from his own script and starring as a man who loses his chef job and starts up a food truck to reclaim his artistic promise and reclaiming his estranged family. Sofia Vergara, John Leguizamo and Bobby Cannavale are also starring.
“Setting a film in the culinary world of Los Angeles offers wonderful opportunities for a character driven comedy”said Favreau.
Favreau has acted in a handful of supporting roles recently but hasn’t helmed a movie since 2011′s “Cowboys & Aliens.”