.A triplex accepted for purchase final month by the Common council at the edge of Balboa Boulevard and also Coronado Street might become a social parking lot.The acquisition of the home at 301 E. Balboa Blvd. became part of the permission calendar on the Aug. 27 meeting of the Common council, and acquired consentaneous confirmation. It was offered through Linda as well as Bobby Hanada for $2.6 million, depending on to city staff.The whole lot it might be actually exchanged would serve the east side of the Balboa Headland, where car parking is especially tough to find. Public areas for individuals because region are actually typically found at the pier, one whole lot on Hand Street and also minimal road areas." This auto parking, particularly during top summer time demand, often does not meet the parking demands of the region," Newport Coastline Real Estate Manager Lauren Wooding Whitlinger filled in a report.The property offered due to the Hanada family is at the same junction as a property had by AT&T that Newport Seaside officials would certainly also like to turn into a parking lot. The urban area has remained in talks with the telecoms company and also is waiting on it to move or even downsize therefore a portion of the building at 311 E. Balboa can easily likewise be actually purchased.It's not clear coming from workers records how soon crews could break ground on a brand new parking lot. For the time being, authorities were thinking about utilizing the existing building as a momentary fire station while development of a brand-new center for the fire department resided in progress.Tenants currently live in 2 of the units at the recently sold triplex. They are going to be actually qualified for moving assistance "not anticipated to go over $90,000 per unit," depending on to area workers.