The purpose of this research is to examine the possibility of redeveloping the Rigas Feraios square in Volos, a square that today is not actually used by the city's residents except once a year, during Christmas with the temporary facilities of the Santa Claus Village. With the regeneration, the aim is to make the square a more welcoming space, attracting more residents for social interaction and recreation among other things. For this purpose, the methodology adopted was a) participatory observation and more specifically the on-site and active observation and analysis of Rigas Feraios square in order to highlight the problems that make its regeneration necessary and b) questionnaire research in order to understand the point of view of the local population about the square, the problems it faces and possible ways to make it more attractive and therefore more visited. As a result and after highlighting the problems of the square, a specific regeneration proposal was developed, which with simple measures and actions can attract the inhabitants of the city to a more frequent visit.