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This Week in Miami Real Estate: Babylon Apartments in peril, real estate jobs and more

by Kelly McCabe

A recent study from Abodo found that South Florida is rife with real estate jobs. In fact, the Fort Lauderdale area, which includes Pompano Beach and Deerfield Beach, has the largest concentration of sales and real estate jobs in the country, with 142.4 jobs of every 1,000 are in those fields. Miami/Miami Beach/Kendall isn’t far behind at 132.2. 

Elsewhere in Miami real estate news this week: 

  • The most recent Swanepoel Power 200 list of real estate professionals featured a number from Southeast, including Teresa King Kinney, CEO of the Miami Association of Realtors. Check out the entire list to see which movers and shakers made the cut.
  • The two-tower Auberge Beach Residences & Spa Fort Lauderdale was officially topped off this week. The south tower just reached its full height of 23 stories, while the 17-story north tower was completed in recent months. The north tower is 97 percent sold and expected to be completed by spring, while the south tower is 70 percent sold and expected to be completed by summer. Auberge’s development and construction team includes The Related Group, Fortune International Group, The Fairwinds Group and Moss. 
  • Before Arquitectonica was a household name in Miami, it cut its teeth in 1982 with Babylon Apartments in Brickell, instantly recognizable with its bright red color and unique shape that earned it protected architectural landmark status. However, Miami commissioners recently voted to overturn that status, leaving the building’s fate to hang in the balance, the Miami Herald reported. The building’s owner requested the change in hopes of redeveloping the land on Brickell Bay Drive. 
  • The Florida Housing Finance Corporation recently announced Ray Dubuque and Ron Liberman as its board of directors’ new chair and vice chair, respectively. The two say they’re eager to focus on Florida’s need for more affordable housing for everyone from homeless schoolchildren to veterans and seniors.  

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