Yes, the Tower of Babel did indeed become Babylon, the Golden Age of our world, but where is it now?

Under about 50 feet of dust and rubble!

As quoted:

Revaltions 18:2

And he cried mightily with a strong voice, saying, Babylon the great is fallen, is fallen, and is become the habitation of devils, and the hold of every foul spirit, and a cage of every unclean and hateful bird.

(Note: This is KJV, which is the english transLATION, not transLITERATION.)