NEWPORT BEACH, Calif.— Newport Beach City Council approved a controversial mixed-use development along the Mariner’s Mile stretch of Pacific Coast Highway that it has been grappling with for months, potentially setting a new precedent for developers taking advantage of California’s latest housing laws. Council on July 27 held its fourth public hearing to review a February planning commission decision to approve the project at 2510 W. Coast Highway, submitted by landowner Mark Moshayedi. The initial public hearing in April 2020, resulted in council voting to continue the item to accommodate the developer’s request to modify the project to address concerns by council and the public. Concerns were primarily voiced by the Coalition to Protect Mariner’s Mile, an organized group of area business owners and residents. The original project included 35 residential units, including three affordable units, and an 11,266-square-foot luxury auto showroom. In a show of good faith, Moshayedi went …