.A triplex authorized for acquisition final month by the City Council at the section of Balboa Blvd and also Coronado Street might come to be a social auto parking lot.The purchase of the property at 301 E. Balboa Blvd. became part of the authorization calendar on the Aug. 27 appointment of the Common council, and also got consentaneous permission. It was marketed by Linda and also Bobby Hanada for $2.6 million, depending on to city staff.The whole lot it may be exchanged will provide the eastern edge of the Balboa Peninsula, where auto parking is actually particularly challenging to find. Public spots for individuals because region are typically located at the pier, one whole lot on Hand Road and also minimal street spaces." This vehicle parking, particularly during the course of peak summer time need, frequently does not satisfy the car park necessities of the location," Newport Beach Real Estate Supervisor Lauren Wooding Whitlinger filled in a report.The residential or commercial property marketed by the Hanada family members is at the very same crossway as a property possessed by AT&T that Newport Beach representatives will also as if to become a parking area. The metropolitan area has actually been in talks with the telecoms business and also is waiting for it to relocate or even downsize so a part of the residential property at 311 E. Balboa can also be actually purchased.It's vague from staff records how soon workers may break ground on a new parking lot. In the meantime, officials were taking into consideration making use of the existing property as a temporary station house while development of a new location for the fire department resided in progress.Tenants presently live in 2 of the systems at the recently sold triplex. They are going to be entitled for moving help "certainly not prepared for to exceed $90,000 each," depending on to city team.