An insurance company with ties to the community for more than 100 years plans to build a new office building next to the Frances Meadows Aquatic Center on a 2-acre parcel it recently purchased from the city of Gainesville. Turner, Wood & Smith expects to begin construction within the next five months and be ready to move its 40 employees to their new building by spring 2018, according to Joe Wood Jr., the firm’s president and CEO. Wood told The Times on Wednesday that the company has outgrown its current location on a downtown city block bordered by Academy and Bradford streets, Northside Drive and Brenau Avenue. TWS sold that property to the city last summer for $1.5 million and will continue to lease the building from the city until its new home is built.