40 Under 40: Art Zargaryan, CEO, Pegasus Development

Art Zargaryen

Art Zargaryan’s career began with a love of design and training in architecture. That foundation eventually led him to project management, where creativity and execution merged.

In 2017, he founded Pegasus Development, which has grown into a national project management firm overseeing more than 7 million square feet of development valued at more than $6 billion. As CEO, he leads hospitality, entertainment and mixed-use developments in Las Vegas and across the country. His portfolio includes Omega Mart, Universal Horror Unleashed and the planned relocation and expansion of the Neon Museum. Pegasus Development also opened a second office in Sacramento to support large-scale mixed-use projects.

Beyond his business, Zargaryan serves on the boards of the Mayor’s Fund for Las Vegas LIFE, Make-A-Wish Nevada and Communities In Schools of Nevada.

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