In 2018, the CRA purchased a vacant lot at the corner of Coco and Bayshore Drive to develop as a public parking lot to help with the raising demand of public parking along the revitalized corridor. The $443,7772 construction project began in December 2020 and was completed in August 2021. The new parking lot provides 37 spaces, two spaces for ridesharing vehicles, and an under-ground stormwater system. The heritage tree on the corner was preserved and now provides a park-like setting for the community to enjoy with benches and Adirondack chairs. An electric car charging station will be installed in 2022. There is also space for future public art installations.