OAKLAND — A property near Jack London Square in Oakland that includes a diner that has operated for several decades there was bought by a group led by a business executive who is active in East Bay real estate.
Oakland-based entrepreneur and real estate executive Ted Dang heads up ownership groups that paid roughly $4 million for a site at 229 Broadway where Buttercup Diner & Bar has operated since 1994, according to documents filed on Aug. 12 with the Alameda County Recorder’s Office and the city transfer taxes for the transaction.
The seller was an affiliate controlled by ArtHaus Partners. The ArtHaus firm, headed up by real estate executive Riaz Taplin, converted a motel into affordable housing on an adjacent parcel at 233 Broadway.
The Buttercup Diner & Bar in Oakland is part of a family-owned business that also has a presence in Walnut Creek, Concord and Vallejo. David and Debbie Shahvar co-founded the dining chain.
Dang is a founder of East Bay Asian Local Development Corp., an active nonprofit that develops affordable housing.
This news organization reached out to both Dang and the principal owners of Buttercup Diner & Bar about the restaurant property’s purchase. It wasn’t immediately clear what the future might hold for the site.