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1 cup honey
1 ¾ cups white sugar, divided
¾ cup water
1 teaspoon lemon juice
1 cup all-purpose flour
1 ½ teaspoons baking powder
1 teaspoon grated orange zest
½ teaspoon ground cinnamon
¼ teaspoon salt
¾ cup unsalted butter
3 eggs
¼ cup milk
1 cup chopped walnuts
Combine honey, 1 cup sugar, and water in a saucepan; bring to a simmer and cook 5 minutes. Stir in lemon juice; bring to a boil and cook for 2 minutes. Remove from heat and let cool while you prepare the cake.
Preheat the oven to 350 degrees F (175 degrees C). Grease and flour a 9-inch square baking pan.
Combine flour, baking powder, orange zest, cinnamon, and salt in a bowl; set aside.
Beat remaining 3/4 cup sugar and butter together in a large bowl until light and fluffy. Beat in eggs, one at a time. Beat in flour mixture, alternating with milk, beating just until incorporated; stir in walnuts. Pour batter into the prepared pan.
Bake in the preheated oven until a toothpick inserted into center comes out clean, about 40 minutes.