Streets of Rage is a remake / reboot of the original Sega Genesis / Arcade brawler that was in development for Xbox 360, Playstation 3 and PC by Grin, the same team behind titles such as Terminator Salvation, Wanted and the cancelled Wanted 2 and Final Fantasy Fortress.
Nothing much is known about this game, apart that is was a download-only title. The project was halted because of Grin’s financial difficulties that eventually bankrupted the company. In the gallery below we can see some concept arts and screens from an early build.
It seems that another reboot of Streets of Rage was also in development by Ruffian Games (the team behind Crackdown 2), but there are not many more info about this unseen project, apart from a beta / tech demo video preserved below thanks to Huff Allium!