BRIDGEPORT — It is far from a groundbreaking. But the black netting draped late last year over Gary Flocco’s blighted buildings at 62, 72 and 80 Cherry St. and 1325 Railroad Ave. is considered a sign of progress at the residential redevelopment long-delayed by legal and financial woes. Three months ago Mayor Joe Ganim’s administration was getting ready to demolish the ex-factory structures. But then the city agreed to provide Flocco’s Hancock Avenue Partners company more time to finally get the next phase of his Cherry Street Lofts rehabilitation project moving. Flocco has already built an adjacent 158 apartments and a charter school with an additional 138 units planned. So he was granted 90 days to better secure the undeveloped properties as well as make headway paying off overdue property taxes and creditors and solidifying financial backing. And while as of last week he has not checked off that entire to-do list, Flocco accomplished enough to earn a 30-day extension.

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