Pegasus Completes Retail Project Management for Raising Cane’s and Honey Baked Ham

Pegasus says it finished project management work for Raising Cane’s first Los Angeles location in Westwood Village and a new Honey Baked Ham franchise in Sherman Oaks. The projects highlight how retail owners are using specialized development oversight to navigate entitlement, utility, and construction hurdles in Southern California.

Why it matters: - The two openings show how retail developers are relying on project management to move stores through entitlement, construction, and utility approval issues in crowded Southern California markets. - Pegasus says the work helped deliver nationally recognized brands in two high-traffic Los Angeles neighborhoods while keeping schedule and ownership goals aligned.

What happened: - Pegasus completed project management engagements for Raising Cane’s and Honey Baked Ham retail developments in Los Angeles. - Raising Cane’s opened in July 2026 at The Weyburn at Broxton, 1008 Broxton Avenue, in Westwood Village. - The Raising Cane’s location is the brand’s first restaurant within the City of Los Angeles. - Honey Baked Ham opened in June 2026 at 14427 Ventura Boulevard in Sherman Oaks. - The Honey Baked Ham franchise is co-owned by actor Leslie David Baker and entrepreneur and music producer Tony Vennie.

The details: - Pegasus served as the owner’s project management advisor on both projects. - For Raising Cane’s, Pegasus coordinated stakeholders from planning through completion and worked with the design team on entitlements, Westwood Village Design Review, permit approvals, construction plan review, contractor coordination, and store opening. - Pegasus Asset Management oversaw the entitlement process for the Raising Cane’s retrofit. - The Westwood Village project converted an existing retail space into a 5,560-square-foot restaurant. - The building, originally constructed in the 1920s, was brought into compliance with current building, utility, and ADA requirements. - The scope included a substantial electrical infrastructure upgrade in coordination with LADWP. - The Raising Cane’s project combined six individual suites into one restaurant space. - Pegasus first identified the acquisition opportunity for the Westwood Village property, arranged financing through its capital markets team, and later handled leasing. - For Honey Baked Ham, Pegasus managed landlord improvements for a new franchise location on Ventura Boulevard, one of the San Fernando Valley’s key commercial corridors. - The Honey Baked Ham scope included an electrical power upgrade, space demising, a new storefront, HVAC improvements, and ADA upgrades. - The Honey Baked Ham project faced a schedule risk because initial estimates put LADWP plan review and approval at eight to ten months. - Pegasus, the general contractor, and the electrical contractor found unused capacity in the existing switchgear and used it to submeter the extra power needed. - That alternative delivered the required power in 60 days and avoided the longer utility upgrade path. - Pegasus says the solution cut costs to a fraction of the anticipated utility upgrade expense. - Pegasus has overseen more than $200 million in construction and capital improvement projects nationwide and says it has an active pipeline of new projects. - Pegasus’ construction and project management practice includes entitlement coordination, budgeting and scheduling, consultant procurement, contractor management, construction loan administration, tenant coordination, and post-completion asset management.

Between the lines: - Westwood Village continues to attract investment through public realm upgrades, pedestrianization of Broxton Avenue, and new national retailers and restaurants. - The Raising Cane’s opening adds another growth brand to a district already positioned as a major dining and retail destination near UCLA. - The Sherman Oaks project shows how creative infrastructure planning can protect a tenant opening date when utility timelines are too slow for retail schedules. - Pegasus is using project management as part of a broader advisory platform, not just as a standalone buildout service.

What’s next: - Pegasus says its construction and project management practice has an active pipeline of new work. - The firm is expected to keep supporting retail owners with entitlement, construction, and asset management across future projects.

The bottom line: - Pegasus is positioning project management as a value-preservation tool for retail development, especially when utilities, approvals, and aging buildings threaten opening timelines.