Physical destruction, land use management, residential buyouts, and residential relocation following disasters disconnects people and places. Previous studies have revealed the unintended negative effects of residential buyouts and displacements, such as the reproduction of vulnerability, along with social injustice and also suggested that places determine the critical elements of long-term community recovery. We explored how government place-based planning and citizen-driven placemaking transform place identity of lost places after the 2011 Japan tsunami. We selected tsunami reconstruction memorial parks as lost places for local communities, and analyzed government planning reports, interviewed citizen-driven placemakers, and conducted questionnaire survey to clarify residents’ perception of place. Our results showed that the sense of belonging was determined by their sense of place in relation to memorial parks, as “part of the everyday landscape,” “nostalgia,” and “symbol of reconstruction.” We also found that citizen-driven placemaking embodied the concept of disaster memorial parks developed by government planning: requiem, commemoration, symbol of reconstruction. These results suggest that citizen-driven placemaking can potentially serve as a driving force to transform a sense of place that enhances the sense of belonging to lost places. We conclude that local authorities must pay attention to the fluctuation in the meaning of lost places that may influence long-term community recovery. Governments, civic organizations, and locals need to promote collaboration and pursue multi-stakeholder land use governance which can enhance community resilience.