.A triplex approved for acquisition final month due to the City Council at the corner of Balboa Boulevard as well as Coronado Road might end up being a public auto parking lot.The acquisition of the residential property at 301 E. Balboa Blvd. was part of the consent schedule on the Aug. 27 appointment of the City board, and received unanimous permission. It was actually offered by Linda as well as Bobby Hanada for $2.6 million, depending on to metropolitan area staff.The whole lot it might be actually exchanged would offer the eastern side of the Balboa Headland, where parking is especially challenging to find. People places for people during that place are actually mostly found at the pier, one great deal on Hand Road and also minimal street areas." This car parking, especially throughout top summertime demand, usually performs not fulfill the car parking demands of the region," Newport Beach Front Real Estate Manager Lauren Wooding Whitlinger wrote in a report.The residential or commercial property marketed due to the Hanada loved ones is at the same intersection as a structure had through AT&T that Newport Beach front representatives will likewise as if to become a parking lot. The area has actually remained in talks along with the telecommunications business as well as is expecting it to relocate or downsize thus a portion of the building at 311 E. Balboa may also be actually purchased.It's not clear from personnel files how quickly staffs may begin on a new parking lot. For the time being, authorities were actually thinking about using the existing property as a short-lived station house while building of a new resource for the fire department was in progress.Tenants currently reside in 2 of the devices at the just recently offered triplex. They will definitely be actually eligible for moving support "not foreseed to go over $90,000 per unit," according to metropolitan area team.