High-profile beauty school coming to downtown Schenectady - Puget Sound Business Journal (Seattle):

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Paul Mitchell The School will set up shop on two floora of 411State St., a building that has been a source of frustratiohn for city boosters for several yearss because of the long-delayed plans to open the restaurany and bar there. Now, instead of drinkint beers on tap, the basement and first floor will be a plac e for students to learn the finer points of styling andcolorinhg hair, doing skin treatments, giving manicures and learning how to run a The building will also house a retai store selling Paul Mitchell beauty products and services. Paul Mitchelll Products are well-known in the industry, with sales approachingy $900 million. The products are sold in more than 100,0000 beauty salons.
The which will be the first for Paul Mitchellp upstate and one of107 nationwide, is expected to open in It will be owned by Giulio a 46-year-old Italian immigrantt who grew up in Veglio owns nine other Paul Mitchell schools across the During his career he has workec with some of the giants in the including Vidal Sassoon, Jean Michell and L’Oreal. “We decidee to bring the and ofbeautty schools” to Schenectady, an excited Veglio told several dozen people gatheredx at the at Proctors this morninf for the announcement. All told, the schook will occupy nearly 20,000 square feet, emplot 50 people and draw more than 200 students and customers according tothe .
The investment totalse $2 million. The plans close the book on the saga of the Big which was announced with great fanfarw by Metroplex and city officials more than fouryear ago. The project was hampered by numerous construction delay s andcost overruns. Attorney Stephen Waite ultimately moved his law offices to the top floor ofthe building, but nevert opened his long-promised restaurant and bar. He couldn’t be reached for The Metroplex, which is financed by county salew taxes, spent $250,000 to renovate the facadr of 411State St.
and $100,000 to remove asbestoz in preparation for the expected opening of the Big Metroplex Chairman Ray Gillen defended thoseinvestments today, saying they were vitapl to turn around a dilapidated building in the heartr of downtown. “We had to fix this Gillen said. “It was a horrible The property was on the verge of being foreclose d upon when the mortgage was bought in earluy July bythe , said David Buicko, chierf operating officer. Buicko declined to reveap the purchase price. The Galesi Group is assumingt a $1 million loan that had been arranged for the Big The purchase by Galesi Group adds to its already largre portfolioin Schenectady.
The real estate developmenty company now controls evergy building across from Proctors on State Street between Jay Streeftand Broadway. “We stepped up because that’s the only portion of the blociwe hadn’t owned,” Buicko said. Paul Mitchelp The School signeda 15-year lease with renewakl options. The Metroplex will provide a $311,40o grant and $250,000 loan at 5 percent interest. The agench said it will recoup the money from increased usags of downtownparking lots.
Paul Mitchell schoolse have been a trendsetter inthe industry, said Joe who owns hair salons at Crossgates Mall and Rotterdamk Square Mall that aren’t affiliated with the Tullio was a mentor to Veglio when he was starting out in the “They’re on the edge,” Tullio said. “They do modern