Will Frears (Omnium Gatherum, Terrorism) directs the New York debut of the work by the playwright of The Sceneand Bad Dates. The play begins previews May 23 and opens June 15 at the midtown Manhattan stage for a run through July 9.

Tony Award nominee Burton (recently on Broadway in The Constant Wife) and film star Goldwyn ("Reckless," "Ghost") headline the play in which a woman and her two children live in their inherited lakeside home until the long-estranged ex-husband shows up to claim the house.

Gummer was last seen Off-Broadway in Mr. Marmalade, Lysy has appeared in Other People and Manic Flight Reaction at Playwrights Horizons, and Powell was seen in Brooke Berman's Smashing.

Frears — director of David Marshall Grant's Pen currently at Off-Broadway's Playwrights Horizons — had staged the debut of The Water's Edge at the 2004 Williamstown Theatre Festival starring Burton and Lysy opposite Michael Gaston, Gretchen Cleevely and Fiona Gallagher. Other credits include Terrorism, Where We're Born, God Hates The Irish and Rebeck and Alexandra Gersten-Vassilaros' 2004 Pulitzer Prize finalist Omnium Gatherum.

The design team for The Water's Edge will feature Alexander Dodge (set), Junghyun Georgia Lee (costume), Frances Aronson (lighting) and Vincent Olivieri (sound). Original music featured in the production is by Michael Friedman. Playwright Rebeck has previously collaborated with Second Stage on her plays The Family of Mann, Loose Knit and Spike Heels. Her recent Humana Festival hit The Scene is expected to be seen Off-Broadway soon.

Second Stage currently presents the world premiere of Show People by Paul Weitz (Privilege, Roulette) through April 30.

For tickets to The Water's Edge at Second Stage, 307 West 43rd Street (just off Eighth Ave.), visit the box office, call (212) 246-4422 or (800) 766-6048. For more information, go to www.SecondStageTheatre.com.