The rapid urbanization of Dhaka has led to severe infrastructural and social challenges, particularly within government housing areas. Among the most underutilized spaces are the abandoned service corridors, which, if transformed, could play a crucial role in addressing the city's pressing urban renewal needs. This study investigates the potential of these neglected corridors by proposing a multidimensional urban renewal strategy that blends ecological, social, and economic considerations. By drawing on concepts from basophilic urbanism, adaptive reuse, and sustainable development, the paper explores how these spaces can be remained to enhance environmental quality, promote community engagement, and stimulate local economic activities. The research employs a combination of spatial analysis, case study evaluations, and stakeholder feedback to identify feasible interventions for revitalizing these corridors. Preliminary findings suggest that through strategic design and planning, these abandoned spaces can be transformed into vibrant public areas that contribute to the city’s livability and resilience. The paper advocates for a collaborative approach, involving urban planners, policymakers, and local communities, to create inclusive spaces that reflect the needs of Dhaka’s diverse population. The research highlights the need for innovative planning frameworks, as well as policy support, to unlock the full potential of these underused urban areas, thereby contributing to a more sustainable and equitable urban future for Dhaka.