Games Radar report that Ken Levine, of Bioshock, System Shock 2 fame, is developing a science fiction RPG which is in the later stages of production.

Ghost Story Games, Ken Levine's studio, is recruiting for work on a "new immersive sci-fi game with RPG elements", and it's apparently in the "later stages of production".

The information comes from a new job listing posted on parent company and publisher Take-Two Interactive's careers website (spotted by GameSpot), with the small team recruiting for a Senior Producer on its debut project.  

In addition, the vacancy also reiterates that Ghost Story Games, which was founded by Levine in 2017 after leaving the now shuttered BioShock Infinite developer Irrational, is "dedicated to making immersive story driven games for gamers that like a challenge".

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PC Gamer reports that Ghost Story is working on an Immersive Sim:

Ghost Story Games, formerly Irrational Games, is making an immersive sim

Former Bioshock developer hiring for its art team.

In February, 12 former developers from Irrational Games—of System Shock 2 and Bioshock—announced their new studio, Ghost Story. It later emerged that the they were working on a "small-scale open world" game that drew inspiration from Shadow of Mordor's Nemesis system, and now we know that the title will be a first-person immersive sim.
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Thanks henriquejr!