Urban regeneration is an action to solve urban problems and finding a long-term improvement to the economic, physical, social, and environmental aspects of an area to be changed. There are several principles of urban regeneration: establish clear and measurable objectives based on sustainable development, local conditions analysis, participation and cooperation among stakeholders, efficiency, and improving quality of buildings, social structure, economic, and environmental conditions [CITATION PRo00 \l 1033 ]. The process of Urban regeneration can be divided into 4 phases: Scoping, Planning, Financing, and Implementation. Scoping is a process that accommodates strategic analysis and engagement process for city leaders to make a decision. Planning is the process that establishes the long-term vision. This process is important to sustaining the regeneration vision through the unavoidable changes and unpredicted challenges of the economic and political cycles. Financing is the process that provides funding in the urban regeneration process. This process involves multi-stakeholders, especially with private sectors. The relationships with private sectors are important for the local government to reducing costs and improving technical capacities. The last process is the implementation of urban regeneration vision. This process includes political leadership, interactions between the public and private sector, risk assessment, and project phasing (Amirtahmasebi et al., 2016). Kotabaru is one of the historical places in Yogyakarta city. Kotabaru is located in Gondokusuman District. In Colonial Era, Kotabaru (Nieuwe Wijk) was planned for Dutch Settlement. The Development of this area started from 1917-1920. Kotabaru was designed by Thomas Kaarsten. The design of this area was adopted from Ebenezer Howard’s concept known as Garden City. Kotabaru was built to accommodate rapid population and industrial growth. The Development of this area also aimed to improve education and health quality of Dutch Communities [ CITATION Kle16 \l 1033 ]. Kotabaru was established as a Cultural heritage by the Local Government. Several buildings and sites are still maintained. Historical buildings in Kotabaru can be divided into various functions, such as housing, school, hospital, commercial, and worship [ CITATION Kle16 \l 1033 ]. Rapid development gives an impact on the spatial structure in Kotabaru. Uncontrolled urbanization causing land use-changes and threatening historical sites. The new development changes housing to commercial functions, green areas to park and building, and other changes that inappropriate with local characteristics [ CITATION Suw181 \l 1033 ]. Urban regeneration in historical places contributes to improve environmental quality, encourage creative economic activity, and increase social cohesion [ CITATION Eln13 \l 1033 ]. This concept can strengthen place identity in historical places. Urban regeneration in Kotabaru is important to sustaining the existence of historical buildings in the future. Reference Amirtahmasebi, R., Orloff, M., Wahba, S., & Altman, A. (2016). Regenerating Urban Land: A Practitioner’s Guide to Leveraging Private Investment. Washngton D.C: World Bank Group. Elnokaly, A., & Elseragy, A. (2013). Sustainable Urban Regeneration of Historic City Centres- Lessons Learnt. European Journal of Sustainable Development, 2: 31-54. Kleden, U. C., & Fanani, F. (2016). Harmonisasi Ketentuan Peruntukan Bangunan Cagar Budaya Dalam Perspektif Regulasi Di Kawasan Budaya Kotabaru. Pros. Semin. Nas. ReTII. Yogyakarta. Robert, P., & Sykes, H. (2000). The Evolution, Definition, and Purpose of Urban Regeneration. Sage. Suwanto, N. (2018). Perubahan Citra Kawasan Kotabaru Yogyakarta. Arcade, 2(3): 121- 127.