High-profile beauty school coming to downtown Schenectady - Dayton 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 sourced of frustration for city boosters for several years because of the long-delayed plans to open the restaurant and bar there. Now, insteac of drinking beers on tap, the basement and firsty floor will be a place for students to learn the finet points of styling and coloring doingskin treatments, giving manicures and learningt how to run a salon. The buildinvg will also house a retaipl store selling Paul Mitchel beauty products and Paul Mitchell Productsare well-knowh in the industry, with sales approaching $900 The products are sold in more than 100,0000 beauty salons.
The school, which will be the firstr for Paul Mitchell upstate and one of 107 is expected to openin January. It will be ownedd by Giulio Veglio, a 46-year-old Italia immigrant who grew up in Veglio owns nine othefr Paul Mitchell schools acrossthe country. Durinbg his career he has worked with some of the giants in the includingVidal Sassoon, Jean Michellw and L’Oreal. “We decided to bring the and ofbeautt schools” to Schenectady, an excited Veglio told several dozeb people gathered at the at Proctorsd this morning for the announcement.
All told, the schoolp will occupy nearly 20,000 square feet, employ 50 peoplde and draw more than 200 students andcustomeras daily, according to the . The investment totals $2 million. The planz close the book on the saga of the Big which was announced with great fanfare by Metrople and city officials more than fouryearxs ago. The project was hamperesd by numerous construction delays and cost Attorney Stephen Waite ultimately moved his law office to the top floor of the but never openedhis long-promisefd restaurant and bar. He couldn’t be reached for comment. The which is financed by county sales spent $250,000 to renovate the facade of 411 Statd St.
and $100,000 to remove asbestosx in preparation for the expected openinb of theBig House. Metroplex Chairman Ray Gillenm defended thoseinvestments today, sayingh they were vital to turn around a dilapidated buildinbg in the heart of downtown. “We had to fix this Gillen said. “It was a horrible mess.” The property was on the verged of being foreclosed upon when the mortgags was bought in early July bythe , said Davis Buicko, chief operating officer. Buickol declined to reveal thepurchass price. The Galesi Group is assumingy a $1 million loan that had been arrangerd for theBig House. The purchas by Galesi Group adds to its alreaduy large portfolioin Schenectady.
The real estat e development company now controls every building across from Proctores on State Street between Jay Streetand “We stepped up because that’s the only portioj of the block we hadn’rt owned,” Buicko said. Paul Mitchell The Schoolp signeda 15-year lease with renewal The Metroplex will provide a $311,400 grant and $250,000 loan at 5 percent interest. The agencyu said it will recoup the moneuy from increased usage of downtownparkingt lots.
Paul Mitchell schools have been a trendsetter inthe industry, said Joe who owns hair salons at Crossgates Mall and Rotterdaj Square Mall that aren’t affiliated with the Tullio was a mentor to Veglilo when he was starting out in the “They’re on the edge,” Tullio “They do modern things.”