Pegasus Development
Sacramento Republic FC Stadium exterior at dusk
Netflix House Dallas exterior morning view
Spark multifamily community Salt Lake City
The Central at 5th high-rise in Midtown Manhattan
SportsSacramento Republic FC Stadium

Masteringcomplexity.Delivering certainty.

Project Management Specialists

SportsEntertainmentGamingHospitalityMultifamily
$0.0B+In Development
0.0M+Square Feet
0+States & Territories
0+Projects Nationwide
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Portfolio

Our portfolio

Over $7.5 billion in development value across 52 projects

Featured Projects

SRFC District Master Plan
Under Construction

SRFC District Master Plan

Sacramento, CA

Master Plan
Under Construction

SRFC District Master Plan

Transformative master plan development anchored by the Republic FC Division 1 stadium, featuring mixed-use, entertainment, and commercial districts in the heart of Sacramento.

Sacramento Republic FC Stadium
Under Construction

Sacramento Republic FC Stadium

Sacramento, CA

State-of-the-art Division 1 soccer stadium development featuring premium amenities, innovative fan experiences, and sustainable design.

Sky River Casino Resort
Under Construction

Sky River Casino Resort

Elk Grove, CA

Major expansion of the premier gaming and entertainment destination, adding a 300-room luxury hotel tower, expanded gaming floor, and resort amenities in partnership with the Wilton Rancheria Tribe.

The Central at 5th, a Hilton Club
Completed 2022

The Central at 5th, a Hilton Club

New York, NY

31-story, 161-key Hilton Grand Vacations high-rise in Midtown Manhattan with 125,000 SF of contemporary studios and suites, steps from Rockefeller Center and Central Park.

All Projects

Netflix House Las Vegas
Under Construction

Netflix House Las Vegas

Las Vegas, NV

Hard Rock Hotel & Casino Tejon
Preconstruction

Hard Rock Hotel & Casino Tejon

Tejon, CA

Museum of Ice Cream
Under Construction

Museum of Ice Cream

Las Vegas, NV

Caroline Florence
Under Construction

Caroline Florence

McKinney, TX

Jefferson Ownsby
Under Construction

Jefferson Ownsby

Celina, TX

Jefferson Whitewood
Under Construction

Jefferson Whitewood

Murrieta, CA

550 Madison Avenue — Aquarian Holdings HQ
Under Construction

550 Madison Avenue — Aquarian Holdings HQ

New York, NY

The Neon Museum
Pre-Construction

The Neon Museum

Las Vegas, NV

Universal Horror Unleashed
Completed 2025

Universal Horror Unleashed

Las Vegas, NV

Netflix House Dallas
Completed 2025

Netflix House Dallas

Dallas, TX

Netflix House Philadelphia
Completed 2025

Netflix House Philadelphia

King of Prussia, PA

The Nest @ Rio Grande
Completed 2025

The Nest @ Rio Grande

Salt Lake City, UT

Spark
Completed 2025

Spark

Salt Lake City, UT

Radio Tave
Completed 2024

Radio Tave

Houston, TX

Alta Filament
Completed 2024

Alta Filament

Charlotte, NC

The Real Unreal
Completed 2023

The Real Unreal

Grapevine, TX

Alta Austin Avenue
Completed 2022

Alta Austin Avenue

Georgetown, TX

The Westin Tempe
Completed 2022

The Westin Tempe

Tempe, AZ

Alta Midtown Park
Completed 2021

Alta Midtown Park

Dallas, TX

Alta West Alabama
Completed 2021

Alta West Alabama

Houston, TX

Omega Mart
Completed 2021

Omega Mart

Las Vegas, NV

Convergence Station
Completed 2021

Convergence Station

Denver, CO

Kingstown Reef
Completed 2020

Kingstown Reef

Orlando, FL

Margaritaville Vacation Club
Completed 2016

Margaritaville Vacation Club

St. Thomas, USVI

Wyndham Desert Blue
Completed 2015

Wyndham Desert Blue

Las Vegas, NV

Wyndham Resort at Avon
Completed 2014

Wyndham Resort at Avon

Avon, CO

26 projects

Select to explore

The Pegasus Standard

Wedon'tjustmanageprojects. Weprotectcapital,acceleratetimelines,anddelivercertainty -withoutcompromise.

Pegasus stands in for ownership day to day, hosting every project meeting, directing consultants and contractors, and holding every party to the deal the owner signed, from predevelopment through closeout.

About the Firm
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Reach

National presence, local expertise

Headquartered in Las Vegas with offices in Sacramento and New York, we have delivered and continue to manage developments across 14 states and territories. No market is beyond our reach.

Las VegasSacramentoNew York
55+
Projects
14
States
30
Markets
Offices
Las Vegas (HQ)
Sacramento
New York
Active Markets
RenoDallasHoustonSalt Lake CityTempeOrlandoMcKinneyGeorgetownGrapevineCelinaDenverAvonAlbuquerqueMesaPhoenixGlendaleGoodyearNorth Las VegasLos AngelesElk GroveMurrietaMarco IslandKing of PrussiaBloomingtonCharlotteSt. ThomasNassau
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Clients

Trusted by industry leaders

We've partnered with top-tier organizations across gaming, hospitality, entertainment, and commercial real estate.

Sacramento Republic FC
Las Vegas Lights FC
Goldman Sachs
Guggenheim
Aquarian Holdings
Cain International
Wilton Rancheria
Tejon Indian Tribe
Hard Rock Casino Tejon
Netflix
Museum of Ice Cream
Marriott Vacation Club
Westin Hotels & Resorts
Sky River Casino
Meow Wolf
Universal Creative
Wyndham Hotels & Resorts
The Neon Museum
And many more across gaming, hospitality, entertainment & real estate
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News & Media

News & Media

FeaturedJuly 8, 2026

Las Vegas Lights FC Announces New Partnership with Pegasus Development

Las Vegas Lights FC announced a new multi-year partnership with Pegasus Development. The firm will entitle the club's final home match of the season on October 17 for Fan Appreciation Night, honoring the final game at historic Cashman Field.

Las Vegas Lights FCRead Article
Press40 Under 40: Art Zargaryan, CEO, Pegasus DevelopmentApril 30, 2026PressArmenian-Born Art Zargaryans Pegasus Development Expands from Las Vegas to Sacramento to Develop Republic FC Stadium and Transform 31-Acre Downtown DistrictApril 8, 2026NewsPegasus Development Joins Republic FC Stadium Development TeamMarch 10, 2026PressSacramento Republic FC to Expand Railyards Stadium to 20,000 SeatsMarch 24, 2026PressArmenian-Owned Firm Expands to Sacramento to Develop Stadium and Downtown DistrictMarch 15, 2026PressArmenian Owned Development Firm Expands to Sacramento to Develop Stadium and Downtown DistrictMarch 13, 2026NewsPegasus Development Takes Lead on Wilton Rancheria and Railyards ProjectsMarch 11, 2026NewsPegasus Development Expands to Sacramento for Republic FC StadiumMarch 2026NewsPegasus Development Joins Republic FC Stadium Development TeamMarch 2026Press550 Madison Ave. - Maybe Midtown's Most Coveted Office Location - Now Nearly 100% LeasedMay 2025PressLas Vegas Project Manager Talks Challenges in Developing Commercial Real Estate2026Press22 Local CEOs to KnowMarch 2026PressGrowing Forward: Builders and Developers in NevadaAugust 2025PressCommunities in Schools of Nevada Appoints Art Zargaryan to BoardSeptember 2025PressMayor's Fund for Las Vegas Life Announces New Board Member Art ZargaryanJuly 2025
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Contact

Let us discuss your next endeavor

Whether you are evaluating a new development, seeking project management expertise, or exploring strategic advisory engagement, we welcome the conversation.

Headquarters

Las Vegas, Nevada

Offices

Sacramento, CA  ·  New York, NY