Deadline says that the network gave the green light to Once Upon A Time, which has been created by Tron: Legacy and Lost writers Edward Kitsis and Adam Horowitz.
The show focuses on a woman with a difficult past who moves to a small town in Maine, where the magic of fairy tales appears to be real.
Lost's executive producer Damon Lindelof helped to develop the project but is no longer thought to be working on the show.
Elsewhere, ABC asked for a pilot of The River. The horror, which is being executive produced by Paranormal Activity's director Oren Peli, focuses on a family who travel to the Amazon to find their missing father.
ABC also decided to order an episode of Revenge, a re-imagining of the Alexandre Dumas novel The Count Of Monte Cristo. It focuses on a young woman as she moves to the Hamptons to get revenge on the people who destroyed her family.
ABC is currently developing a number of new projects including a remake of Charlie's Angels and a show imagining the author Edgar Allen Poe as a detective.