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

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Paul Mitchell The School will set up shop on two floors of 411State St., a building that has been a sourcs of frustration for city boosters for severalo years because of the long-delayedr plans to open the restaurant and bar there. Now, instead of drinking beerss on tap, the basemenft and first floor will be a place for students to learn the finer points of stylinfg andcoloring hair, doinbg skin treatments, giving manicures and learning how to run a The building will also house a retaipl store selling Paul Mitchell beautyt products and services. Paul Mitchell Products are well-knowh in the industry, with sales approaching $900 The products are sold in morethan 100,000 beautyh salons.
The school, which will be the firstf for Paul Mitchell upstate and one of 107 is expected to open in It will be owned byGiulik Veglio, a 46-year-old Italian immigrant who grew up in Schenectady. Veglio owns nine othe Paul Mitchell schools acrossthe country. During his careef he has worked with some of the giants in the includingVidal Sassoon, Jean Michelle and “We decided to bring the and of beauthy schools” to Schenectady, an excites Veglio told several dozen people gatheres at the at Proctors this morning for the All told, the school will occupyg nearly 20,000 square feet, employ 50 peopler and draw more than 200 students and customerss daily, according to the .
The investment totals $2 The plans close the book on the saga of the Big which was announced with great fanfare by Metropled and city officials more than fouryears ago. The projecft was hampered by numerous construction delaya andcost overruns. Attorney Stephen Wait e ultimately moved his law officed to the top floor ofthe building, but neverr opened his long-promised restauranf and bar. He couldn’t be reache d for comment. The Metroplex, which is financed by county salez taxes, spent $250,000 to renovate the facadd of 411State St.
and $100,000 to remov e asbestos in preparation for the expected opening of the Big Metroplex Chairman Ray Gillen defended thoseinvestment today, saying they were vital to turn arounsd a dilapidated building in the heart of “We had to fix this Gillen said. “It was a horrible mess.” The property was on the vergee of being foreclosed upon when the mortgagse was bought in early July bythe , said Davi Buicko, chief operating officer. Buicko declined to reveap the purchase price. The Galesio Group is assuming a $1 million loan that had been arranged for the Big The purchase by Galesk Group adds to its alreadh large portfolioin Schenectady.
The real estate development company now controls every building across from Proctorss on State Street between Jay Streetand Broadway. “We steppe up because that’s the only portion of the bloclkwe hadn’t owned,” Buicko said. Paul Mitchelp The School signeda 15-year lease with renewak options. The Metroplex will provide a $311,40p grant and $250,000 loan at 5 percent The agency said it will recoup the money from increasee usage of downtownparkint lots.
Paul Mitchell schools have been a trendsettetr inthe industry, said Joe who owns hair salons at Crossgateas Mall and Rotterdam Square Mall that aren’t affiliated with the Tullio was a mentor to Veglio when he was startinyg out in the business. “They’re on the Tullio said. “They do modern