Recent projects (2007–present)
In 2005, Paramount signed Schwartz to adapt and direct John Green's young adult novel Looking for Alaska with producer Mark Waters.
It was revealed in late August 2006 that Schwartz would develop and executive produce a drama pilot for The CW, based on the popular book series Gossip Girl by Cecily von Ziegesar. Similar to The O.C., Gossip Girl is a satirical approach of teenagers in a wealthy upbringing. Gossip Girl became a popular show for The CW.
In 2007, Schwartz signed a three-year, seven-figure overall deal with Warner Bros. TV to write and exec produce with Chris Fedak an hourlong high-concept action comedy called Chuck for NBC about twenty-something spies and was described in press releases as "in the vein of Grosse Pointe Blank". The plot revolves around a normal guy who downloads the entire CIA and NSA databases into his head.
In May 2008, Schwartz joined Zak Penn's X-Men: First Class project. Schwartz announced that he will write the script for X-Men: First Class, a prequel to the X-Men movies that focuses on the adventures of teen Cyclops, Marvel Girl, Professor X, Beast, Iceman, and Angel. However, his script was later jettisoned.
In Spring 2009, Schwartz launched "Rockville CA", a web-series on TheWB.com that follows young 20-somethings at a fictional rock club in Los Angeles. There are twenty indie band performances in the episodes, including Lykke Li, The Kooks and Kaiser Chiefs.
It was also announced that Schwartz would write and direct Bright Lights, Big City for MGM, based on the iconic debut novel by Jay McInerney. Stephanie Savage was also announced as producer.
In February 2011, The CW ordered a pilot of his new project titled Hart of Dixie. The show is co-produced with longtime creative partner Stephanie Savage and stars former "O.C." castmember and personal friend of Schwartz, Rachel Bilson. The show was picked up in May 2011 and premiered in fall 2011. At the same time, Schwartz has also been working on a Georgetown pilot for ABC However, ABC did not pick the series for its 2011 - 2012 schedule.
In September 2011, it was announced by The CW that Schwartz and Stephanie Savage had been selected to develop the television adaption of Candace Bushnell's The Carrie Diaries, a prequel to the original Sex and the City television series. The series, set in the 1980s, will follow character Carrie Bradshaw during her years in high school.
In January 2012, it was announced The CW had ordered a pilot for new drama titled Cult, result of collaboration with Stephanie Savage and Len Goldstein. This is Schwartz and Savage's fourth series on the network.
He also developed several adaptations of popular properties, such as Runaways for Marvel, a reboot of Dynasty and Nancy Drew for CW.
It was announced in 2025 that Schwartz would be one of three executive producers on an upcoming Peacock series based on Clueless.