.A triplex permitted for purchase last month due to the City board at the edge of Balboa Boulevard and Coronado Road may come to be a public car parking lot.The investment of the residential property at 301 E. Balboa Blvd. belonged to the consent schedule on the Aug. 27 appointment of the City Council, and also acquired consensual approval. It was actually marketed by Linda as well as Bobby Hanada for $2.6 thousand, according to metropolitan area staff.The lot it might be converted into would offer the eastern edge of the Balboa Headland, where vehicle parking is specifically hard to find. Community places for people in that location are actually primarily located at the pier, one lot on Hand Street and also minimal road rooms." This vehicle parking, especially throughout peak summer need, commonly performs not comply with the car parking necessities of the region," Newport Coastline Real Property Supervisor Lauren Wooding Whitlinger filled in a report.The building marketed due to the Hanada family is at the same intersection as a building owned by AT&T that Newport Beach officials will also such as to develop into a car park. The area has actually remained in chats with the telecoms firm and is actually waiting for it to relocate or scale down therefore a part of the residential property at 311 E. Balboa can easily additionally be actually purchased.It's uncertain from staff files just how very soon workers could break ground on a new parking lot. Meanwhile, authorities were actually looking at using the existing building as a temporary station house while building of a brand new resource for the engine company was in progress.Tenants presently stay in 2 of the systems at the recently sold triplex. They will be eligible for relocation assistance "not expected to go over $90,000 per unit," according to city personnel.