Columbus-based Condado Tacos considering new location in Belden Village mall

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JACKSON TWP. – Condado Tacos is configured to fill a space in the Belden Village Shopping Center.

The growing Columbus-based chain hopes to be open mid to late October in a 3,800-square-foot location near the mall’s north entrance next to Melt.

Condado launched its build-your-own taco concept in Columbus in 2014. The chain has expanded to 32 locations. About half are in Ohio, with the rest in Indiana, Michigan, Pennsylvania, Kentucky, Tennessee, and North Carolina. When it opens, the Belden Village restaurant will be the 37th restaurant in the chain.

After:Wayback Burgers is coming to the Belden Village area this summer

The restaurant, which also offers tequila and margaritas, fills the mall space added in 2017 to attract restaurants.

Condado spokesman Roger Drake said the chain chose Belden Village because it’s an affluent shopping area with a mall that’s a destination.

“We’re all about irresistible tacos and margaritas,” Drake said. “It’s a good choice for us.”

Plans are for 120 seats inside the restaurant – including 15 at the bar – and another 50 seats on an outdoor patio.

The restaurant will be open for lunch and dinner, with 10:00 p.m. as the general closing time. Hours may be later on Friday and Saturday evenings. The operation should create between 60 and 70 jobs.

McKinley Air sold to Avflight

Long-time private aircraft service provider McKinleyAir was sold earlier this year to flightleaving only one fixed operator at the Akron-Canton airport.

Avflight has moved to the McKinley Air facility, just north of the main terminal. The company had been operating on the wide side of the airport for many years. Avflight has a ground lease with the airport for the property, said Ren Camacho, president and CEO of Akron-Canton Airport.

Fixed-base operators, or FBOs, provide a wide variety of services – including the sale of fuel – to private pilots, charter services and some commercial airlines.

McKinley Air formed in 1934, providing aviation services from the old McKinley Airport off Mahoning Road on the northeast side of Canton. The business has been sold several times over the years. The most recent owner, Don Armen, operated the business until his death in 2019.

Camacho said McKinley Air was “an institution” at the airport, offering a variety of services to private pilots and charter companies. “It’s sad to see them go,” he said.

Avflight officials did not respond to requests for information about the deal.

Timken engineers honored

Two of Timken Co. engineers were recently recognized at the Society of Tribologists and Lubrication Engineers Annual Meeting and Exposition.

Ryan Evans, director of research and development at Timken since 2018, has been selected for a one-year term as president of the organization.

The company presented Nikhil Londhe, who also works for Timken R&D, with an STLE Early Career Award for his contributions to tribology research.

Timken researchers are involved in tribology because the science studies how surfaces in relative motion interact and are affected by friction and wear. It also investigates how lubrication can affect surface wear. Tribology is key to the design of bearings and power drives manufactured by Timken.

This is the second time the company has recognized Londhè for her work in tribology. In 2017, he was recognized for the best research paper published in the Tribology Transactions Journal by a senior author under the age of 35. He was one of four to receive the Early Career Award this year.

Evans will lead the company serving more than 13,000 professionals and 250 companies in the tribology and lubrication industry.

Hall of Fame Resort stock value low, company at risk of delisting

Hall of Fame Resort & Entertainment Co.’s stock value fell below a minimum bid requirement of $1 per share, which could result in the stock being delisted from the Nasdaq stock market.

After:Hall of Fame Village work continues, company hopes to resolve dispute with Johnson Controls

The company is developing the Hall of Fame Village powered by Johnson Controls as a campus around the Pro Football Hall of Fame. Work is underway for a performance center, retail area and fan engagement area. Construction of a hotel and water park is expected to begin later this year.

Shares of Hall of Fame Resort began trading in July 2020 on the Nasdaq Capital Market after the company was formed with the combination of Hall of Fame Village and Gordon Pointe Acquisition. Initially, the shares traded at $12, but the value quickly fell into the $4-$5 range.

The stock’s value fell below $1 for several days in March, before recovering in April. But the recovery proved short.

According to a filing with the U.S. Securities and Exchange Commission, Nasdaq sent a warning letter to the Hall of Fame Resort on May 24 after the stock traded below $1 per share for 30 consecutive working days. The company has 180 calendar days – until Nov. 21 – for the stock to meet Nasdaq’s minimum bid requirement.

Hall of Fame Resort shares must trade at a price above $1 per share for 10 consecutive days during the 180-day period in order to comply with the minimum bid requirement.

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