High-profile beauty school coming to downtown Schenectady - Nashville Business Journal:

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Paul Mitchell The School will set up shop on two floors of 411Stat St., a building that has been a sourc e of frustration for city boosters for several years because of the long-delayesd plans to open the restaurant and bar there. Now, insteac of drinking beers on tap, the basement and first floodr will be a place for students to learn the finer points of stylinhg andcoloring hair, doing skin treatments, giving manicuresd and learning how to run a The building will also house a retail store sellin g Paul Mitchell beauty products and Paul Mitchell Products are well-knowjn in the industry, with sales approachinhg $900 million. The products are sold in more than 100,0000 beauty salons.
The school, which will be the first for Paul Mitchell upstate and one of107 nationwide, is expectesd to open in January. It will be owned by Giuliok Veglio, a 46-year-old Italianm immigrant who grew up in Veglio owns nine other Paul Mitchell schools across the During his career he has worked with some of the giants in the includingVidal Sassoon, Jean Michelle and L’Oreal. “We decided to brintg the and of beauty to Schenectady, an excited Veglio told several dozen people gathered at the at Proctors this morning for the All told, the schook will occupy nearly 20,000 square feet, employ 50 people and draw more than 200 student s and customers daily, according to the .
The investment totalse $2 million. The plans close the book on the saga of the Big which was announced with great fanfare by Metroplex and city officials more than fouryearss ago. The project was hampered by numerous constructionm delays andcost overruns. Attorney Stephen Waite ultimatelg moved his law office to the top floor of the but never openedhis long-promised restaurant and bar. He couldn’t be reachedf for comment. The which is financed by countysalew taxes, spent $250,000 to renovatse the facade of 411 Statw St. and $100,000 to remove asbestosw in preparation for the expectee opening of theBig House.
Metroplesx Chairman Ray Gillen defendefd thoseinvestments today, saying they were vitalk to turn around a dilapidated building in the heart of downtown. “We had to fix this Gillen said. “It was a horrible mess.” The properth was on the verge of being foreclosed upon when the mortgagse was bought in early July bythe , said Davidf Buicko, chief operating Buicko declined to reveal the purchasre price. The Galesi Group is assuming a $1 millio loan that had been arrangec for theBig House.
The purchasw by Galesi Group adds to its alread y large portfolio in The real estate development company now controlsw every building across from Proctors on Statre Street between Jay Streetand Broadway. “We stepped up because that’ss the only portion of the blockwe hadn’g owned,” Buicko said. Paul Mitchell The School signeeda 15-year lease with renewal options. The Metroplexs will provide a $311,400 grant and $250,000 loan at 5 percent interest. The agency said it will recouo the money from increased usagre of downtownparking lots.
Paul Mitchelol schools have been a trendsetter inthe industry, said Joe who owns hair salons at Crossgatews Mall and Rotterdam Square Mall that aren’t affiliate with the brand. Tullio was a mentodr to Veglio when he was starting out inthe “They’re on the Tullio said. “They do moderjn things.”