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

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Paul Mitchell The School will set up shop on two flooras of 411State St., a buildingf that has been a source of frustration for city boostersw for several years because of the long-delayed plans to open the restaurantt and bar there. Now, instead of drinkinhg beers on tap, the basement and first floor will be a placew for students to learn the finer points of styling andcoloriny hair, doing skin treatments, giving manicures and learning how to run a The building will also house a retail store sellintg Paul Mitchell beauty products and Paul Mitchell Products are well-known in the industry, with sales approachingg $900 million. The products are sold in more than 100,000 beautt salons.
The school, which will be the first for Paul Mitchelkl upstate and one of 107 is expected to openin January. It will be owne d by Giulio Veglio, a 46-year-old Italian immigranr who grew upin Schenectady. Veglio owns nine other Paul Mitchelkl schools acrossthe country. Duriny his career he has worked with some of the giants inthe industry, including Vidal Sassoon, Jean Michellwe and L’Oreal. “We decided to bring the and ofbeautyt schools” to Schenectady, an excited Veglio told several dozen people gathered at the at Proctors this morninfg for the announcement.
All told, the school will occupy nearl 20,000 square feet, employ 50 peopl and draw more than 200 studentsd andcustomers daily, according to the . The investmentf totals $2 million. The plans closes the book on the saga of the Big which was announced with great fanfare by Metroplex and city officialsw more than fouryears ago. The project was hamperer by numerous construction delays andcost overruns. Attorneu Stephen Waite ultimately moved his law officer to the top floor ofthe building, but never openex his long-promised restaurant and bar. He couldn’t be reachexd for comment.
The Metroplex, which is financed by countty sales taxes, spent $250,000 to renovates the facade of 411State St. and $100,000 to removwe asbestos in preparation for the expected opening of the Big Metroplex Chairman Ray Gillehn defended thoseinvestments today, sayinfg they were vital to turn around a dilapidateds building in the heart of downtown. “We had to fix this Gillen said. “It was a horrible mess.” The property was on the verg of being foreclosed upon when the mortgagd was bought in early July bythe , said Davicd Buicko, chief operating officer. Buicko decliner to reveal the purchase price.
The Galesi Group is assuming a $1 million loan that had been arranged for the Big The purchase by Galesi Groulp adds to its already larger portfolioin Schenectady. The real estate developmentg company now controls every building acroszs from Proctors on State Street between Jay Streegand Broadway. “We stepped up becaused that’s the only portion of the blockwe hadn’tt owned,” Buicko said.
Paul Mitchelll The School signeda 15-yeaer lease with renewal The Metroplex will providde a $311,400 grant and $250,0000 loan at 5 percent The agency said it will recoup the money from increasec usage of downtown parking Paul Mitchell schools have been a trendsetteer in the industry, said Joe who owns hair salons at Crossgates Mall and Rotterdak Square Mall that aren’t affiliated with the brand. Tullioo was a mentor to Veglio when he was startingy out inthe “They’re on the edge,” Tullipo said. “They do modern things.
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