Letts, the Tony and Pulitzer Prize-winning playwright of August: Osage County, earned the 2013 Tony Award for Best Performance by an Actor in a Leading Role in a Play for his work in the acclaimed revival of Edward Albee's Who's Afraid of Virginia Woolf?, which MacKinnon directed. That production also earned the 2013 Tony Award for Best Revival of a Play, and MacKinnon took home the Tony for Best Direction. 

Richards and Frankel were also the producers of Virginia Woolf?, August: Osage County and Letts' 2009 Broadway dramatic outing, Superior Donuts.

Killer Joe had its premiere at the Chicago-area NEXT Theatre in 1993 where it played an eight-month run and later transferred Off-Broadway to the 29th Street Repertory Theatre in 1994. Killer Joe debuted in London in 1995, prior to a four-month West End run at the Vaudeville Theatre. It received a New York revival in 1998 and was later adapted by Letts into a 2012 film.

Here's how it's billed: "Killer Joe begins when Chris Smith – a 22-year old drug dealer – finds himself in serious debt to the wrong people. He devises a lethal plan that will solve all of his problems, enlisting the help of his father and step-mother. They hire Killer Joe – a police detective turned contract killer – to get the job done right, igniting a series of events that lead to a memorably shocking climax."

"I'm thrilled so soon after Woolf to be working with Tracy Letts, this time as director to writer on his all-American fever dream of a play, Killer Joe. He is a true actors' playwright," MacKinnon said in a statement. Letts added, "Killer Joe provides a lot of red meat for the theatre. Pam MacKinnon is the perfect director to shepherd a group of actors who share a certain blood lust."

Casting and further details will be announced at a later date.