The building features a prominent red sandstone 'Beaux Arts' style, adding to the unique character of the historic area, central to Monkland Canal.
It was designed by Alexander Cullen and built in 1905. The building had been lying vacant since 2010.
The council and Clyde Valley Housing Association (CVHA) worked together to create a redevelopment scheme, bringing the property back into use with 12 affordable, modern flats with outdoor amenities. Funding was provided by Historic Environment Scotland and CVHA.
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"Retaining the historic character of the Carnegie Library building, while ensuring the proposed development was viable for the future, was key to the success of the project," explained Shirley Linton, Head of Enterprise and Place, North Lanarkshire Council.
"Working with buildings like this one bring a unique set of challenges and issues. Our approach was to tackle the redevelopment in a sensitive way while retaining its heritage and retaining a Coatbridge landmark and this has been achieved."
All shortlisted projects are entered into the People's Choice Award.
Voting is open here and is set to close at the end of September.
(CM/MH)
