“We’re in prep,” Johnston says. “Rick Heinrichs is production-designing and we’re set up down in Manhattan Beach [California]. It’s the part of the process that I love the most,” he enthuses. “We have eight or ten really talented artists, and we all just sit around all day and draw pictures and say, ‘Hey, wouldn’t it be cool if we could do this?’ It’s that phase of the production where money doesn’t matter: â€˜Let’s put all the greatest stuff up on the wall and [then later] see what we can afford.'” The film, he says at this early stage, will begin “in 1942, 1943” during World War II. “The stuff in the â€™60s and â€™70s [comic books] we’re sort of avoiding. We’re going back to the â€™40s, and then forward to what they’re doing with Captain America now.”
The First Avenger: Captain America has set a July 22, 2011 release date for the film.
Source: Film Journal