Roche Bobois Maison

A lifestyle-branded tower that demands scrutiny. VALOR Capital reports "40+ contracts" — but 39 are internal investor allocations used as an equity raise mechanism with reassignment rights back to developer inventory. That is not market absorption. That is financing. Zero confirmed arm's-length sales as of April 2026. The $1,433/SF 2BR ask and $13.2M Sky Penthouse ($2,727/SF — a Tampa Bay record) remain untested against actual buyer demand. No other developer in this market uses this capital structure.