Theory and research dealing with place identity and restorative environments have for the most part proceeded independently. Assuming that emotional- and self-regulation are processes underlying the development of place identity, and that a person's favorite place is an exemplar of environments used in such regulation processes, the present study goes beyond preliminary observations about restorative aspects of favorite places to consider how individuals evaluate their favorite places using terms set out in restorative environments theory. Finnish university students (n=78) evaluated the central square of their city (Tampere) and favorite and unpleasant places of their own designation using the Perceived Restorativeness Scale (PRS), an instrument based on attention restoration theory. Consistent with notions of self-regulation, PRS subscale scores for Being Away, Fascination, Coherence, and Compatibility were all high in the favorite place evaluations, but Coherence and Compatibility were reliably higher than Being Away, which was in turn reliably higher than Fascination. Also, PRS subscale scores for the favorite places were reliably higher than those for the central square, which were in turn higher than those for the unpleasant places. Furthermore, differences were also found in self-reported emotional states associated with each place. The discussion suggests ways to develop further mutually reinforcing relations between restorative environments research and research on place identity.