Gary Flocco said he is a few weeks away from re-starting the next phase of his Cherry Street Lofts apartments project after a three-year-delay and a recent condemnation order from the city. Flocco said he is on the cusp of settling a lawsuit for non-payment that an architectural firm, Crosskey, filed against him in 2019. With that issue out of the way, Flocco will be able to obtain a bank loan and $2.2 million state officials awarded his project in December 2020. Located on the outskirts of downtown between the railroad tracks and Interstate 95, Cherry Street Lofts is a prominent renovation of some old abandoned factory buildings that initially earned Flocco accolades. It opened in 2018 and currently boasts 158 housing units and a charter school. In an interview at the time, Flocco insisted he believed he would soon have access to the necessary capital to restart his work, and council members decided to grant him a reprieve.
https://www.stamfordadvocate.com/news/article/cherry-st-lofts-developer-says-project-to-restart-19592130.php