#United States #Winter Park #Demetree Global #Hawes Estate #DH3

DH3 Acquires the Historic Hawes Family Estate

In a landmark move that intertwines Florida's rich history with its future growth, DH3, the private equity division of Demetree Global, has made headlines with its acquisition of an 89-acre property from the esteemed Hawes family estate. This transaction is more than just a strategic investment; it symbolizes the transition of stewardship between two influential families who have significantly shaped Florida’s economic and cultural landscape over the decades.

A Property with Historical Significance

Nestled within the Pasadena Hills Overlay in the rapidly developing Tampa Bay metropolitan region, the acquired land is not just vast but also carries profound historical significance. The site is already approved for mixed-use planned unit development (MPUD), positioning it to transform into a vibrant economic hub that respects its agrarian past while supporting the area's ongoing expansion.

For nearly a century, the Hawes family has been synonymous with Florida's citrus industry, a key player in the state's early economic framework. Their legacy is tied to LaMarcus C. Edwards Jr., a visionary in agriculture who helped elevate the citrus industry from a regional focus to a global powerhouse. By introducing groundbreaking packinghouse operations and innovative production methods, Edwards laid the groundwork for Florida's reputation as an agricultural leader, serving as a trustee at the University of Florida and championing statewide progress.

Demetree Global's Legacy

Demetree Global's own journey is deeply intertwined with Florida's transformation. Established over 70 years ago in Winter Park by the late William “Bill” Demetree, the family office played an essential role in the development of Walt Disney World, reshaping Central Florida’s economic landscape. Under the stewardship of Chairwoman Mary Demetree, the firm continues to thrive and evolve, embracing a forward-thinking approach that underscores responsibility, innovation, and sustainable community impact.

The firm has diversified its interests into real estate, hospitality, and emerging technologies, all while remaining dedicated to enhancing Florida’s stature as a top-tier global market.

A New Venture for Future Development

The acquisition of the Hawes estate is the first step in what promises to be a fruitful collaboration between DH3 and Benge Development Group through their newly formed venture, BDH3. This partnership combines Demetree Global’s robust institutional capital and generational outlook with Benge Development's extensive experience in land development. Led by Central Florida developer Tony Benge, who brings over 30 years of expertise, this venture is uniquely poised to realize complex and impactful projects that merge economic growth with thoughtful community planning.

“The opportunity to become stewards of this land, cultivated by a family that played an integral role in Florida's prosperity, is an honor,” said Seth Heller, Managing Partner at Demetree Global and DH3. “We believe true progress is built on a foundation of respect for the past, and this property allows us to honor that legacy while also contributing to the future vitality of the region.”

Through DH3 and the formation of BDH3, Demetree Global emphasizes balancing innovation with reverence for heritage—building upon what has been established while paving the way for what is to come.

This acquisition not only represents a merger of two historical legacies but also stands as a beacon for thoughtful development in Florida, promising to enhance community life while preserving the essence of the land’s agrarian roots. As Tampa Bay continues its trajectory of expansion, the blend of these two family histories will undoubtedly leave a lasting impact on the region's prosperity for generations to come.