This note (attached to this way:  https://www.openstreetmap.org/way/363244581) refers to the off-street parking lot, not to the street parking. 

When I surveyed this a year ago, the Way was no longer a parking lot.  It had been converted to restaurant seating booths.  I do not know its current status.

@mapperx86m, when you say "metered street parking", are you referring to parking parallel to and along Lincoln Way, or are you referring to possible parking spaces inside this private lot (which I believe is not and was never street parking; it appears to be owned by the restaurant).