The spring of 2017 brought two changes to the legal landscape in Colorado, and they’re both related to developer liability with respect to the construction of condominiums. First, the Colorado Legislature passed and Gov. John Hickenlooper signed into law House Bill 1279. Second, on June 5, 2017, the Colorado Supreme Court issued its eagerly anticipated ruling in Vallagio at Inverness Residential Condominium Association, Inc. v. Metropolitan Homes, Inc., et.al.
These two recent developments — while not a panacea to the plague of expensive and risky construction defects lawsuits brought against developers of for-sale condominium projects — have sparked excitement in the Colorado multi-family development community. The question everyone is asking is whether it is still too risky to develop large-scale condominium projects in Colorado.
Click on above PDF to read entire article published in Western Real Estate Business.