Was in Bora Bora in the past couple weeks and spent a few nights at Bora Bora Nui among other properties. The construction has not resumed since last year and I would not expect anything more in the near future (but for some emergency repairs needed to the support structures of 339-342 - They are currently shored over the water). They could convert these villas to two bedrooms first during these repairs but I wouldn't count on it. There are limited construction resources available in and around the motus right now and it's all hands on deck for the what is happening at the former Le Meridien. I visited what's going on there last week and it's quite a project. Everything was totally gutted, large number of new huge villas being added and all most structural pilings are being replaced/augmented to accommodate pools and other aquatic vessels. The decks are all being raised almost a meter and the circular staircases are all gone. All the land based buildings are gutted as well. Major main pool reconfiguration and renovation. New large structures on land also being built. The project there is the largest the islands have seen in many years and is consuming practically all available crews. In addition, the Pearl is wrapping up their multi year construction and those resources are committed to the former Le Meridien already. Suffice to say the former Le Meridien will not be reopening as a Le Meridien but something much more higher end and up market. I will share some more info on that and speculation as time allows in the Le Meridien Bora Bora thread.

Photos of repairs need at 341/342: