MADISON — Watermark Residential, owners of Watermark at Bridge Street Town Centre – Cummings Research Park’s first residential community, will develop the first luxury multifamily apartment community at the new Clift Farms multi-use development on U.S. 72 in Madison. Construction will begin in January on a three-story, 324-unit, garden-style community.
The complex will provide amenities such as granite countertops, stainless steel appliances, and a resort-style swimming pool.
“The strong job and population growth of the Huntsville market has played a large role in Watermark’s commitment to the second project in the Huntsville [area],” said Tyler Sauerteig, the company’s director of land acquisitions for the Southeast. “Watermark has had great success with the lease-up of Watermark at Bridge Street Town Centre, and we feel that Clift Farms is going to be a similar destination development with immediate area amenities and great proximity to jobs.”
The Breland Companies broke ground at Clift Farms across from the Target and Madison Hospital in May. Their goal is to create a community that will have a timeless feel while preserving the natural attributes of the historic family farmland.
The Clift Farm community will provide retail, dining, residential, office space, medical opportunities and multifamily homes, as well as luxury apartments such as Watermark at Clift Farms.
Watermark Residential is a Thompson Thrift company, a multifamily development company based in Indianapolis, Ind. Established in 2008, Watermark Residential has developed or is in the process of developing more than 39 projects in 12 states totaling over 10,000 units.