An unremarkable strip mall that occupies a prominent spot in Beaverton may be headed for a major redevelopment.

Urban Form Development Co. plans to build more than 500 apartments and 60,000 square feet of retail space at what’s now the Cedar Hills Shopping Center. The center includes an Oregon DMV office and other shops and restaurants.

It sits near the junction of U.S. 26 and Oregon 217 and it’s a few minutes’ walk from the MAX Blue and Red lines at Sunset Transit Center, which is accessible via a pedestrian bridge over U.S. 26.

“What we have is a retail center that was developed in the ’50s,” Gast said. “It’s been a considerable amount of time since that was built. Trends in retail have changed. Now it’s time to kind of transform that into the center of a neighborhood again."

He said the retail component of the development would include “neighborhood-type shops” that cater primarily to people living in the new apartments or nearby.

Gast led the homebuilder Polygon Northwest in Oregon when that company was bought by William Lyon Homes in 2014. The Cedar Hills development would be a partnership with California-based William Lyon, for which Gast still oversees Oregon operations.

The partnership has an option to buy the site and expects to finalize a sale later this year.

-- Elliot Njus

enjus@oregonian.com; 503-294-5034; @enjus

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