The CW is finalizing a deal for a pilot order to Arrow, an hourlong superhero drama based on DC Comics’ Green Arrow. It is written and executive produced by The Green Lantern co-writers Greg Berlanti and Marc Guggenheim and Fringe and Vampire Diaries alum Andrew Kreisberg. I hear that David Nutter will likely direct the project, which takes the comic book character created by Mort Weisinger and George Papp and sets him in a new world with an original story that is not based on the comics, which are published by DC Entertainment. Arrow, produced by Warner Bros TV and Berlanti’s studio-based Berlanti Television, was developed by Berlanti and Guggenheim, who came up with the idea and wrote the storyline and then brought in Kreisberg to write the script. Kreisberg, who has comics experience having written DC Comics’ Green Arrow and Black Canary among other books, previously worked with Berlanti and Guggenheim on their ABC drama Eli Stone.