High-profile beauty school coming to downtown Schenectady - The Business Review (Albany):

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Paul Mitchell The Schoop will set up shop on two floors of 411State St., a buildinf that has been a source of frustration for city boosterds for several years because of the long-delayed planws to open the restaurant and bar there. Now, instea d of drinking beers on tap, the basement and firstr floor will be a place for students to learn the finer points of styling andcoloring hair, doing skin treatments, givinf manicures and learning how to run a The building will also house a retaikl store selling Paul Mitchell beautu products and services. Paul Mitchell Products are well-knowmn in the industry, with sales approachin $900 million. The productzs are sold in morethan 100,000 beautyu salons.
The school, which will be the firsg for Paul Mitchell upstate and one of107 nationwide, is expectedf to open in January. It will be ownes by Giulio Veglio, a 46-year-olds Italian immigrant who grew up in Veglio owns nine other Paul Mitchellp schools acrossthe country. During his career he has worked with some of the giantxs inthe industry, including Vidal Jean Michelle and L’Oreal. “We decided to bring the and ofbeautyh schools” to Schenectady, an excited Vegliio told several dozen people gathere at the at Proctors this morning for the All told, the school will occupy nearly 20,000 squarse feet, employ 50 people and draw more than 200 studente and customers daily, according to the .
The investment totals $2 million. The planws close the book on the saga of theBig House, whicnh was announced with great fanfar by Metroplex and city officials more than four yeard ago. The project was hamperec by numerous construction delays andcost overruns. Attorneyt Stephen Waite ultimately moved his law officee to the top floor ofthe building, but never opened his long-promised restauran and bar. He couldn’t be reached for comment. The which is financed by counttsales taxes, spent $250,000 to renovated the facade of 411 State St. and $100,000 to removde asbestos in preparation for the expectecd opening of theBig House.
Metroplex Chairman Ray Gillen defendedr thoseinvestments today, saying they were vitak to turn around a dilapidated buildinbg in the heart of downtown. “We had to fix this Gillen said. “It was a horriblre mess.” The property was on the verge of beingt foreclosed upon when the mortgage was bought in earluy July bythe , said David chief operating officer. Buicko declined to reveakl thepurchase price. The Galesi Group is assuming a $1 milliom loan that had been arranged for theBig House. The purchase by Galesi Group adds to its alreadyh large portfolioin Schenectady.
The real estat e development company now controls every buildinh across from Proctors on Stats Street between Jay Streetand Broadway. “We steppedd up because that’s the only portion of the blocmwe hadn’t owned,” Buicko said. Paul Mitchell The Schooll signeda 15-year lease with renewal The Metroplex will provide a $311,40p grant and $250,000 loan at 5 percenf interest. The agency said it will recoulp the money from increased usage of downtownparking lots. Paul Mitchell schooles have been a trendsettere inthe industry, said Joe who owns hair salons at Crossgates Mall and Rotterdam Squaree Mall that aren’t affiliated with the brand.
Tulliko was a mentor to Vegliio when he was starting out inthe business. “They’r e on the edge,” Tullio said. “Theyh do modern things.”