The Ottawa Construction Association (OCA) will be “looking at finalizing a purchase decision” for a new headquarters building/site at its Dec. 16 board of directors meeting, says president John DeVries.
The deal for the undisclosed location, if it goes through, will finally resolve a three-year search for a new location for the association, after it sold its 196 Bronson Ave. building to Toronto-based Lamb Development Corp. for a new condominium project.
![](https://ottawaconstructionnews.com/wp-content/uploads/lamb-rendering-196-bronson-768x1024.jpg)
The association has been leasing back its site from the developer and thought it had found an ideal location in early 2015, after selling the building in 2014 for $4.6 million, with a $3 million take back mortgage.
That deal however fell through at the due diligence stage.
DeVries says there was progress towards a second deal, which also got derailed.
“We had a property lined up in same business park, went through three times, gave pretty competitive offer, only to have (the) buyer experience a change of heart,” DeVries said in an email. “(It was a) complete waste of time.”
“After two failed purchases I won’t be releasing details until we know all conditions have been waived and the deal closes,” DeVries wrote. “We should be public in time for the Feb. 28 annual general meeting.”