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Pinkberry Shines Bright in New Cadillac Fairview Dining Terrace

November 05, 2012

We are pleased to announce that Pinkberry is now open in the new Dining Terrace at Richmond Centre in Richmond, British Columbia. The 225 sq.ft kiosk (see photo) looks fantastic and is strategically situated right in the middle of this beautiful new terrace area.  

Pinkberry joins other top food brands such as Edo Japan, Quiznos, KFC, Bourbon Street Grill, New York Fries to open in the Dining Terrace, which was modelled after the new Toronto Eaton Centre Urban Eatery.

Richmond Centre is owned by both Cadillac Fairview (CF) and Ivanhoe Cambridge. The mall is approximately 1 million square feet and is anchored by The Bay, Sears, Spot Chek. Other notable tenants include Apple, F21, Lululemon, Aritzia, and Sephora. Sales at Richmond Centre are an impressive $750 psf.

I'd like to thank Marcia Grant of Cadillac Fairview, for all of her efforts while negotiating this transaction. Marcia saw this deal through from inception to closing (including the design and build-out phases) like a true pro, and for this she deserves great credit.

The new Richmond Centre location is Pinkberry's 3rd store in British Columbia and their fourth in Canada. More units are planned. In this regard, the company has its sights set on the provinces of Alberta and British Columbia for additional expansion. Pinkberry will open in large format open air centres, super regional malls, downtown high streets, and airports. Size required is 500-1250 sq.ft. Kiosk locations will also be considered.

Further to the above, I can confirm that the company's next Canadian opening, will take place on April 1(2013), in the much talked about High Street property, in Abbottsford, BC.

Pinkberry was launched in Los Angeles in 2005. Since then, the company has flourished into one of retail's true iconic brands. They are the world leader in the frozen yogurt category and operate over 250 stores in 15+ countries. They revolutionized the industry with the introduction of frozen yogurt that is both sweet and tangy, yet natural and healthy.

For more information on Pinkberry, please visit their website at www.pinkberrycanada.com, www.pinkberry.com or visit www.facebook.com/PinkberryCanada.