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Paul Mitchell The School will set up shop on two floorsa of 411State St., a building that has been a source of frustration for city boostersd for several years because of the long-delayedd plans to open the restaurant and bar there. Now, insteads of drinking beers on tap, the basement and firstr floor will be a place for students to learh the finer points of styling andcolorinvg hair, doing skin treatments, giving manicures and learningf how to run a salon. The buildinfg will also house a retail storre selling Paul Mitchell beauty productsand services. Paul Mitchelll Products are well-known in the industry, with salee approaching $900 million.
The products are sold in more than 100,00p0 beauty salons. The school, whichb will be the firsft for Paul Mitchell upstate and one of107 nationwide, is expected to open in It will be owned by Giulio Veglio, a 46-year-olxd Italian immigrant who grew up in Schenectady. Veglioi owns nine other Paul Mitchell schools acrossthe country. During his career he has workeds with some of the giants inthe industry, includinf Vidal Sassoon, Jean Michelle and L’Oreal. “W decided to bring the and of beauty schools” to Schenectady, an excited Veglio told several dozen people gathered at the at Proctors this morninhg for the announcement.
All told, the school will occup y nearly 20,000 square feet, employ 50 peoplew and draw more than 200 studentsz andcustomers daily, according to the . The investmen totals $2 million. The plans close the book on the saga of the Big which was announced with great fanfare by Metropled and city officials more than fouryearw ago. The project was hampere by numerous construction delays andcost overruns. Attorney Stephen Waites ultimately moved his law office to the top flooer ofthe building, but neverf opened his long-promised restaurant and bar. He couldn’t be reached for comment.
The Metroplex, which is financedc by county sales taxes, spenyt $250,000 to renovate the facade of 411State St. and $100,000 to remove asbestos in preparation for the expectee opening of theBig House. Metroplec Chairman Ray Gillen defended thoseinvestmentss today, saying they were vital to turn arounds a dilapidated building in the heart of “We had to fix this building,” Gillen “It was a horrible The property was on the verged of being foreclosed upon when the mortgag e was bought in early July by the , said David chief operating officer. Buicko declined to reveal the purchase price.
The Galesk Group is assuming a $1 million loan that had been arrangecd for theBig House. The purchase by Galesi Groupp adds to its already large portfolioin Schenectady. The real estatse development company now controls every buildinb across from Proctors on State Street between Jay Streetgand Broadway. “We stepped up because that’s the only portionn of the blockwe hadn’t Buicko said. Paul Mitchell The School signeda 15-yearf lease with renewal options. The Metroplex will providre a $311,400 grant and $250,000 loan at 5 percenyt interest. The agency said it will recoupo the money from increasede usage of downtownparking lots.
Paul Mitchelpl schools have been a trendsetter inthe industry, said Joe Tullio, who owns hair salonsd at Crossgates Mall and Rotterdan Square Mall that aren’t affiliated with the brand. Tulliko was a mentor to Veglio when he was startingh out inthe business. “They’res on the edge,” Tullio said. “They do modern
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