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 is interested in directing 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, published by DC Entertainment.