DH3 Acquires Historic Hawes Family Estate in Florida
A landmark 89-acre acquisition brings together two of Florida's most influential families, paving the way for a thoughtfully planned development in the Tampa Bay region.
DH3, the private equity arm of Demetree Global, has finalized the acquisition of an impressive 89-acre historic landholding that once belonged to the Hawes family. This acquisition is not just a strategic investment; it symbolizes the passing of stewardship between two families that have played significant roles in shaping Florida's economic and cultural landscape for almost a century.
Situated within the Pasadena Hills Overlay in the rapidly growing Tampa Bay metropolitan area, the property is approved for mixed-use planned unit development (MPUD). Known for its historical importance, the site is poised to evolve into a central hub of economic activity, honoring its agricultural roots while facilitating the region's ongoing growth.
A Legacy Rooted in Florida Agriculture
The Hawes family has long been linked to Florida's citrus industry, a crucial factor in the state's early economy. This family's history is intertwined with that of LaMarcus C. Edwards Jr., a notable agricultural leader who earned a place in the Florida Citrus Hall of Fame in 1963.
In the 1920s, Edwards Jr. played a pivotal role in transforming citrus from a regional commodity into a global endeavor. Collaborating with his relative, L.C. Hawes, he introduced innovative packinghouse operations and production methods that helped Florida flourish as a worldwide agricultural powerhouse. Beyond his business acumen, his contributions extended to higher education, serving as a trustee for the University of Florida and a consistent advocate for statewide progress.
A Vision That Shaped Modern Florida
The history of Demetree Global is intertwined with Florida's transformation over the decades. Established more than 70 years ago in Winter Park by the late William "Bill" Demetree, the family office was pivotal in shaping significant developments, including Walt Disney World, which dramatically altered Central Florida's economic landscape.
Currently, under the leadership of Chairwoman Mary Demetree, the firm continues to thrive with a focus on responsibility, innovation, and long-term local impact. The firm has diversified across various sectors, including real estate, hospitality, and emerging technologies, while remaining dedicated to enhancing Florida’s stature as a leading global market.
A Strategic Partnership for the Future
The acquisition of the Hawes estate marks the first transaction for BDH3, a newly formed joint venture between DH3 and Benge Development Group. This partnership merges Demetree Global's institutional capital and multigenerational insight with Benge Development’s extensive hands-on experience in land development.
Guided by Central Florida developer Tony Benge, Benge Development possesses over 30 years of expertise in land assemblage, strategic entitlements, and large-scale master-planned communities. The collaboration uniquely positions the firms to create impactful projects that harmonize economic development with meticulous planning and a commitment to community welfare.
“We are honored to take on the role of stewards for land that was nurtured by a family whose contributions were vital to Florida's early prosperity. At DH3, we believe meaningful progress is built upon a foundation of respect for history. This acquisition symbolizes an opportunity to preserve that legacy while actively contributing to the future vibrancy of the region,” said Seth Heller, Managing Partner at Demetree Global and DH3.
Through DH3 and the newly formed BDH3 venture, Demetree Global advances its mission of merging innovation with heritage—constructing the future while honoring the past.
Frequently Asked Questions
What is the significance of DH3's acquisition of the Hawes estate?
This acquisition marks a major step in developing the Tampa Bay region, combining the legacies of two influential Florida families.
How long has the Hawes family been involved in Florida's agriculture?
The Hawes family has been integral to Florida's citrus industry for generations, significantly impacting the state's early economy.
What impact did LaMarcus C. Edwards Jr. have on Florida's agriculture?
He elevated Florida's citrus industry from regional trading to a global enterprise, introducing innovative techniques that shaped agricultural practices.
Who leads Demetree Global today?
Mary Demetree currently leads Demetree Global, focusing on innovation, community impact, and sustainable growth.
What does the BDH3 joint venture aim to accomplish?
BDH3 aims to develop impactful projects that align with the community's needs while promoting economic growth and thoughtful planning.
