CO SB052

Enacts the "Transit-oriented Development Claims Act of 2013" to establish special procedures for construction defect claims involving multi-family residential or mixed-use projects within one-half mile of commuter rail, light rail, or bus stops.

Grants construction professionals a right to repair claimed defects within 180 days of commencement upon providing written notice to claimants, with mandatory coordination meetings and detailed insurance and permit requirements.

Requires all disputes involving transit-oriented development to proceed through mandatory binding arbitration at a location within 25 miles of the development, unless all parties waive arbitration in writing.

Makes construction professionals immune from liability for environmental conditions causally related to transit, commercial, public, or retail use, including noise, odors, light, temperatures, humidity, vibrations, and smoke or fumes.

Clarifies the statute of repose for construction defect actions generally, establishing that claims must be brought within 6 years of substantial completion of improvements to real property, with limited exceptions for indemnity and contribution claims.