.A triplex authorized for acquisition final month due to the City Council at the section of Balboa Blvd and also Coronado Road might end up being a social vehicle parking lot.The acquisition of the property at 301 E. Balboa Blvd. became part of the consent schedule on the Aug. 27 meeting of the City Council, and also received consensual authorization. It was actually offered through Linda as well as Bobby Hanada for $2.6 million, according to urban area staff.The great deal it may be actually converted into would offer the east side of the Balboa Headland, where parking is especially tough to find. Community locations for people in that place are actually mainly discovered at the boat dock, one whole lot on Hand Road and minimal road areas." This auto parking, especially throughout top summer time demand, typically carries out certainly not meet the vehicle parking needs of the area," Newport Beach Front Real Property Supervisor Lauren Wooding Whitlinger recorded a report.The building marketed by the Hanada family members goes to the same junction as a property had by AT&T that Newport Seashore officials would additionally like to become a car park. The metropolitan area has actually remained in talks with the telecommunications company and is waiting for it to relocate or even downsize thus a portion of the building at 311 E. Balboa can easily also be actually purchased.It's uncertain coming from team files how soon workers may begin on a new parking lot. In the meantime, representatives were looking at making use of the existing property as a short-lived station house while building and construction of a brand-new resource for the fire department remained in progress.Tenants presently reside in 2 of the units at the recently offered triplex. They are going to be actually qualified for relocation aid "certainly not anticipated to go beyond $90,000 per unit," depending on to metropolitan area personnel.