.A triplex authorized for purchase last month by the City board at the edge of Balboa Blvd and Coronado Street may come to be a public parking lot.The purchase of the home at 301 E. Balboa Blvd. was part of the permission schedule on the Aug. 27 appointment of the City Council, and also acquired unanimous approval. It was actually marketed through Linda and also Bobby Hanada for $2.6 thousand, depending on to area staff.The whole lot it may be converted into would offer the eastern edge of the Balboa Peninsula, where car parking is actually specifically difficult to find. Public areas for folks in that location are typically found at the boat dock, one great deal on Palm Road and also limited street areas." This car park, especially during the course of top summer time requirement, typically does not fulfill the auto parking demands of the place," Newport Seaside Real Estate Manager Lauren Wooding Whitlinger filled in a report.The building sold by the Hanada family members is at the same crossway as a structure had by AT&T that Newport Seaside authorities would likewise just like to turn into a parking area. The city has resided in speaks along with the telecommunications business and also is actually waiting on it to move or even downsize so a part of the residential or commercial property at 311 E. Balboa can likewise be actually purchased.It's not clear coming from personnel documents how quickly crews might begin on a new parking area. In the meantime, authorities were looking at using the existing property as a short-lived fire station while building and construction of a brand new center for the engine company was in progress.Tenants presently stay in two of the devices at the lately marketed triplex. They are going to be actually qualified for moving support "not prepared for to surpass $90,000 per unit," depending on to area team.