The 26-year-old Oscar winner will also star in and produce the project, said The Hollywood Reporter.
Based on an original screenplay by Samantha McIntyre, the story revolves around a woman named Kit, who after moving back in with her parents, receives a mysterious invitation to a store that will test her idea of what it really means to grow up.
At one point Miguel Arteta was supposed to direct the movie with Rebel Wilson starring in it. However, things didn't work out.
Larson previously co-wrote and co-directed short film "The Arm," which won the jury prize at Sundance in 2012.