High-profile beauty school coming to downtown Schenectady - Los Angeles Business from bizjournals:

glafirarynyxu.blogspot.com
Paul Mitchell The School will set up shop on two flooras of 411State St., a building that has been a sourcre of frustration for city boosters for severalo years because of the long-delayed plans to open the restaurang and bar there. Now, instead of drinking beers on tap, the basement and first floor will be a plac for students to learhn the finer points of stylinfg andcoloring hair, doing skin treatments, givinfg manicures and learning how to run a The building will also house a retail storer selling Paul Mitchell beauty products and services. Paul Mitchelk Products are well-known in the industry, with sales approachingf $900 million.
The products are sold in more than 100,000 beautyh salons. The school, which will be the firstf for Paul Mitchell upstate and one of 107 is expected to openin January. It will be owned by Giuliio Veglio, a 46-year-old Italian immigran t who grew upin Schenectady. Veglio owns nine other Paul Mitchell schools acrossthe country. During his careeer he has worked with some of the giantx inthe industry, including Vidal Jean Michelle and L’Oreal. “Wd decided to bring the and ofbeauty schools” to an excited Veglio told several dozenj people gathered at the at Proctors this morningf for the announcement.
All the school will occupy nearly 20,000 square feet, employ 50 peopl e and draw more than 200 studentws andcustomers daily, accordinh to the . The investment totals $2 The plans close the book on the saga of the Big which was announced with great fanfarw by Metroplex and city officials more than fouryearsz ago. The project was hampered by numerousd construction delays and cost Attorney Stephen Waite ultimately movefd his law office to the top floor of the but never openedhis long-promised restaurant and bar. He couldn’t be reache d for comment. The Metroplex, whichh is financed by county sales spent $250,000 to renovate the facade of 411 Statee St.
and $100,000 to remove asbestos in preparation for the expectedr opening of the Big Metroplex Chairman Ray Gillen defended thoseinvestmentd today, saying they were vital to turn aroundd a dilapidated building in the hearg of downtown. “We had to fix this Gillen said. “It was a horribl mess.” The property was on the verge of being foreclosefd upon when the mortgage was bought in early July bythe , said David Buicko, chief operating officer. Buicko declined to reveal thepurchase price. The Galesi Group is assuming a $1 million loan that had been arrangex for the Big The purchase by Galesi Group adds to its already largwe portfolioin Schenectady.
The real estate developmenf company now controls every buildinf across from Proctors on State Street betweej Jay Streetand Broadway. “We stepped up becausw that’s the only portion of the blocmwe hadn’t owned,” Buicko said. Paul Mitchell The School signedra 15-year lease with renewalo options. The Metroplex will provide a $311,400 grant and $250,000 loan at 5 percengt interest. The agency said it will recoup the moneuy from increased usage of downtownparkin lots.
Paul Mitchell schoolss have been a trendsetter inthe industry, said Joe who owns hair salons at Crossgates Mall and Rotterdam Squarse Mall that aren’t affiliated with the Tullio was a mentor to Veglio when he was startinyg out in the “They’re on the edge,” Tullio “They do modern things.”