Paul Glantz, other investors bought the building in October

Plans for the vacant property not yet determined

Building's "We Kahn Do It!" mural created in 2010

The chairman of Troy-based Emagine Entertainment Inc. is one of the investors who bought a Milwaukee Junction building that sports a playful mural on its eastern side.

Paul Glantz confirmed he and other investors in 318 East Milwaukee LLC bought the three-story, 13,000-square-foot building with a mural saying "We Kahn Do It," a nod to renowned architect Albert Kahn, who designed some of Detroit's most famous buildings.

Glantz said he and his investment partners have not determined what the plans are for the vacant building, which Washington, D.C.-based real estate information service CoStar Group Inc. says was built in 1923. It is at East Milwaukee and Brush Street.

Glantz has been looking at Detroit locations for a new Emagine theater, but the site the East Milwaukee building sits on is too small to accommodate one, Glantz said.

BLAC Detroit reported in August 2013 that the mural was designed by Detroit Lives! LLC, which does Murals, art exhibits and clothing in the city. Philip Lauri, executive producer of Detroit Lives!, said it was painted in October and November 2010.

Lauri said he is not aware of any legal protections preventing the destruction of the mural.

According to CoStar, the $400,000 sale closed in October. That amounts to $30.77 per square foot. City property records say the previous owner was Upstream REI LLC, which is registered to Abass Elhage in Redford Township.

"We think highly of the New Center area," he said of his other investors, who he declined to reveal.

Companies like Detroit-based The Platform LLC and others have been active in development, redevelopment and acquisitions in the area the last couple years.

Glantz's company has eight theaters in Michigan.