Park Hill flats, overlooking Sheffield’s train station, narrowly missed out on winning the Royal Institute of British Architect Stirling Award.
It was one of six nominees and was the only northern building that made the list.
The award is presented to the UK’s new and best building, with this year’s winner being the Elizabeth Line in London.
Anne Micheal, 62, a local resident said: “Sheffielder’s are very proud of their city and its history. Park Hill flats are an example of this history, and its transition into the modern day.”
The flats were built in the 1950s by Sheffield City Council and are Europe’s largest listed structure.
The project was contracted by Urban Splash Construct, who worked closely with architect Mikhail Riches to create the high-rise flats.
Susan Kilmer, 57, a Sheffield local said: “It’s a shame that we didn’t win the award. The fact that Park Hill was the only northern structure shortlisted shows how special and beautiful the building really is.
“Park Hill is an iconic building within Sheffield and now evidently in the country. Although we didn’t win, I think it’s amazing that we were shortlisted and hopefully it helps put Sheffield on the map.”
Park Hill will soon be going into phase four of its regeneration, with a further 124 homes being built, alongside the planning stage for phase five which is already underway.