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They are technically not in development.
Development: this is the period when writers are hired to develop a script and a director is brought on board and the lead actor (s) is/are attached. When the script and attachments get greenlit by the studio, that’s when a project moves into preproduction.
Preproduction:
Finalizing the script into a shooting draft. Fleshing out the other casting. Hiring heads of departments that will hire the crews. Storyboarding. Location scouting. Sets. Costumes.
When all this prep is complete, roll cameras.
Lots more than this, but the above gives a guideline.
So until we hear of a director and a writer(s) coming on board, then B26 isn’t even in proper Development yet.