During a recent interview, producer Dan Lin provided a brief update on the status of Gareth Edwards's Godzilla, which is expected to begin filming early next year:

Via Collider: "We’re planning to film in March. We are in deep pre-production. Gareth [Edwards] has really mapped out his vision for the movie, you saw the teaser, but Gareth thanks to Thomas Tull’s help he took over a whole stage on the Warner Brothers lot and not only showed the teaser you saw, he had some models built of Godzilla, he had art decorated all over the soundstage, he had pre-vis of some of the big action sequences in the movie. So we’re in deep pre-production and Gareth’s vision of the movie is really exciting it’s a true re-boot of Godzilla. And you saw from the Comic-Con footage it is a grounded, realistic version of Godzilla. What would happen if Godzilla came into our world today?"

During part of the interview it was also mentioned that they are planning to film in Vancouver. The last major update we had on this project was back in October when it was announced that Iron Man 3 writer Drew Pearce was brought on to polish the Godzilla script. Previously, David Callahan had been hired to work on the script, along with David Goyer and Max Borenstein. With the movie set to begin production in March, we should begin to hear casting news in the next few weeks.

Source: Collider