The same developers who built an upscale multi-family community at Bridge Street Town Centre announced plans Monday to build a similar complex in Madison.

Watermark Residential said in a press release that it had acquired 22.5 acres in Madison at 1150 Balch Road with intentions to build a Class A garden-style multi-family community consisting on one-, two- and three-bedroom apartment homes.

Completion is targeted for late 2021.

The site is adjacent to the mixed-use Clift Farm development on U.S. 72.

The developers also built Watermark at Bridge Street Town Centre, which opened in 2019.

“The Huntsville area is experiencing tremendous population growth and demand for quality multifamily options continues to far outpace the available supply,” Paul Thrift, president and chief executive officer of Watermark Residential and Thompson Thrift, which owns Watermark, said in the announcement. “Huntsville is expected to soon surpass both Birmingham and Montgomery to become the largest city in Alabama. Watermark Residential will help fill the need for quality housing with our Madison development.”

In fact, census estimates late last year moved Huntsville ahead of Montgomery.

According to the announcement, Watermark’s planned multifamily community will consist of nine three-story buildings and a clubhouse. Community amenities will include a 24-hour fitness center with state-of-the-art equipment, a resort-quality swimming pool with cabana and a “bark park.”