Blooming Grove - Investors Agree On Development Of Lake Anne

Blooming Grove - about 15 investors including Ziggy Brach paid $7.5 million to share ownership of the property of Lake Anne and agreed to split the profits from the homes they will build.

"I was very interested in selling to buyers who were not going to raise the hackles of the town," the seller said.

Reminded that he once said he didn't want to develop the land himself, he replied, "What can I say? They made me an attractive offer."