JR Tokai Real Estate and Takara Leben to Launch Renovated Condo Project in Matsudo Using Former Company Housing
JR Tokai Real Estate and Takara Leben have launched a condominium development project, Le Art Matsudo Novark Hill, in Matsudo, Chiba Prefecture. The project will redevelop and convert the former Matsudo Flat company housing facility owned by JR Tokai Real Estate which is no longer needed following consolidation of the company’s employee housing.The property will reopen as a for-sale condominium after renovation, with a model room scheduled to open in spring 2026.
The building was originally completed in March 2013 and consists of a seven-story reinforced concrete structure with 91 residential units, including one management office and one community lounge. Unit sizes range from 61.01 to 73.23 square meters, with layouts from 1LDK+S to 3LDK. The development provides 91 surface parking spaces—equivalent to 100% parking coverage—along with four visitor spaces and two management spaces. It is located a 25-minute walk or about a 12-minute bus ride from Matsudo Station on the JR Joban Line and Shin-Keisei Line.
JR Tokai Group plans to expand this renovation-for-sale model to other former company housing assets in cities such as Shizuoka and Takatsuki. In recent years, JR-affiliated companies have broadened their real estate businesses beyond railway corridors; JR Shikoku, for example, has launched its rental residential brand “J. Riviere” in the Tokyo metropolitan area (see related article: JR Shikoku Acquires Newly Built Rental Apartment “J. Rivière Chitose-Karasuyama” in Tokyo).
JR Tokai Real Estate aims to build a development model that leverages existing housing stock rather than relying solely on new construction.
Renovating existing buildings can reduce construction waste and CO₂ emissions by an estimated 20% to 50% compared with new construction. The property sits in a low-rise residential zoning district and occupies a corner lot with roads on three sides, offering an open feel and unobstructed views. Upgrades include modern kitchen systems and built-in dishwashers, aiming to balance environmental performance with residential comfort.
Key Facts
Property Name: Le Art Matsudo Novark Hill
Seller: JR Tokai Real Estate Co., Ltd. ／ Takara Leben Co., Ltd.
Location: 80 Nijusseiki-gaoka Nakamatsucho, Matsudo, Chiba Prefecture
Nearest Station: Matsudo Station (JR Joban Line, Shin-Keisei Line) – 25-minute walk (approx. 12 minutes by bus to Nijusseiki-gaoka Civic Center stop, 5-minute walk)
Completion: March 2013 (to be sold after renovation)
Number of Floors: 7F
Total Units: 91 (including 1 management office and 1 community lounge)
Unit Size: 61.01–73.23 sq m (approx. 657–788 sq. ft.)
Layouts: 1LDK+S to 3LDK
Parking: 91 spaces (100% surface parking), plus 4 visitor spaces and 2 management spaces
Bicycle Parking: 182 spaces (surface parking)
Motorcycle Parking: 24 spaces
Model Room Opening: Scheduled for Spring 2026