Il Barone, known for hosting power lunches over elegant plates of fine Italian cuisine, is relocating within Newport Beach. But business executives who’ve grown accustomed to handshake deals inside Il Barone’s bistro should not fret. The restaurant, tucked in MacArthur Square near John Wayne Airport, is moving one mile away to a shuttered Coco’s on Bristol Street. The Newport Beach location is in the same crowded strip center anchored by popular restaurants Moulin and Juliette Kitchen & Bar.

“We were very lucky,” co-owner Donatella Barone said about securing a nearby location. Last summer, Barone and her husband, Franco, didn’t feel so fortunate. Their MacArthur Square landlord had hoped to redevelop the property on Martingale Way with a high-rise tower. But in July the Newport Beach City Council shot down the project, which called for a 384-apartment complex and retail space. Il Barone and its Italian market, Barone Bottega, would have been part of the retail development.