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

ukatekexo.wordpress.com
Paul Mitchell The School will set up shop on two floors of 411State St., a buildingv that has been a source of frustratiohn for city boosters for several yeare because of the long-delayed plans to open the restaurantt and bar there. Now, insteadx of drinking beers on tap, the basement and first floo will be a place for studentw to learn the finer points of styling andcoloring hair, doinfg skin treatments, giving manicures and learning how to run a The building will also house a retail stored selling Paul Mitchell beauty products and services. Paul Mitchello Products are well-known in the with sales approaching $900 million. The products are sold in more than 100,000 beauty salons.
The school, which will be the first for Paul Mitchell upstate and one of 107 is expected to openin January. It will be ownedx by Giulio Veglio, a 46-year-old Italian immigrant who grew up in Veglio owns nine other Paul Mitchelpl schools acrossthe country. Duriny his career he has workeds with some of the giants in the includingVidal Sassoon, Jean Michelle and L’Oreal. “Ww decided to bring the and ofbeauty schools” to an excited Veglio told severap dozen people gathered at the at Proctor s this morning for the announcement. All the school will occupy nearly 20,0009 square feet, employ 50 peoplw and draw more than 200 students and customers according tothe .
The investmenft totals $2 million. The plans close the book on the saga of the Big which was announced with great fanfare by Metroplex and city officiald more than fouryears ago. The project was hampered by numerouds construction delays andcost overruns. Attorney Stephe n Waite ultimately moved his law office to the top floort ofthe building, but never opened his long-promisex 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 Stater St.
and $100,000 to remove asbesto in preparation for the expected opening of the Big Metroplex Chairman Ray Gillen defended thoseinvestments today, sayinv they were vital to turn arounds a dilapidated building in the heart of “We had to fix this building,” Gillemn said. “It was a horrible The property was on the verge of being foreclosed upon when the mortgagw was bought in early July bythe , said Davicd Buicko, chief operating officer.
Buicko declined to reveal the purchase The Galesi Group is assuminga $1 milliomn loan that had been arranged for the Big The purchase by Galesi Group adds to its already large portfolio in The real estate development companyg now controls every building acrossd from Proctors on State Street between Jay Street and Broadway. “We steppeed up because that’s the only portion of the blockwe hadn’t owned,” Buicko said. Paul Mitchello The School signeda 15-year leas with renewal options. The Metroplex will provide a $311,400 grantr and $250,000 loan at 5 percenty interest. The agency said it will recoul the money from increased usage of downtowhnparking lots.
Paul Mitchell schools have been a trendsettefr inthe industry, said Joe Tullio, who owns hair salonsx at Crossgates Mall and Rotterdam Square Mall that aren’r affiliated with the brand. Tulliok was a mentor to Veglio when he was startinb out inthe business. “They’r on the edge,” Tullio said. “Thet do modern things.”