.A triplex authorized for acquisition last month by the Common council at the corner of Balboa Boulevard and Coronado Road may become a public auto parking lot.The purchase of the building at 301 E. Balboa Blvd. was part of the authorization schedule on the Aug. 27 meeting of the Common council, as well as got consentaneous approval. It was sold by Linda as well as Bobby Hanada for $2.6 million, according to area staff.The lot it may be converted into will serve the east side of the Balboa Headland, where auto parking is actually specifically hard to find. Community locations for individuals during that area are actually primarily located at the boat dock, one whole lot on Hand Road and minimal street areas." This car park, particularly throughout top summer time demand, frequently does certainly not fulfill the car parking necessities of the region," Newport Beach Real Property Administrator Lauren Wooding Whitlinger recorded a report.The home marketed by the Hanada family members is at the very same intersection as a property owned through AT&T that Newport Beach officials will additionally like to develop into a parking lot. The area has remained in chats with the telecoms company and also is actually waiting for it to relocate or scale down therefore a portion of the residential property at 311 E. Balboa can easily likewise be actually purchased.It's unclear from personnel records just how soon teams could break ground on a brand new parking area. Meanwhile, representatives were actually thinking about using the existing property as a short-term fire station while development of a brand-new location for the engine company was in progress.Tenants currently stay in two of the units at the recently offered triplex. They will certainly be eligible for relocation support "certainly not anticipated to go beyond $90,000 per unit," depending on to area workers.