Work on the building stopped in late 2008 as its recession-hit developer, Alexico Group, failed to raise the last portion of the project's $600 million in financing.
Representatives from construction manager U.S. Lend Lease this week told a community meeting that work on the 60-storey building could start up again as early as next week.
While the architects' plans have not changed significantly, Lend Lease could not confirm if the street-level stainless steel sculpture (pictured above) designed by British artist Anish Kapoor would still be going ahead.
The new timetable of works, as reported by the Tribeca Citizen, sets a completion date for the building of spring 2016.
See more images of the design in our earlier story.
Earlier this year Herzog & de Meuron worked with Chinese artist Ai Weiwei to create a pavilion for the Serpentine Gallery in London, and Dezeen filmed an interview with Pierre de Meuron at the opening in May as well as a tour of the cork structure led by Jacques Herzog. You can see all our stories about Herzog & de Meuron here.