The building will be solely luxury office suites Jones said, and had been designed to a very high standard with significant earthquake proofing measures in place.
Jones said he didn't have an exact figure on the cost of the project but said it would be more cost effective using the laminated timber.
"All of these [wooden] buildings are going up everywhere," Jones said.
"There's one planned for Vienna, Norway, Canada, it's happening everywhere and these are commercial developers so we can assume that cost-wise it's not an issue," he said.
"It's faster as well because pouring concrete on each floor takes a long time, but we're not doing that. It's like assembling a meccano set."
Jones said he had designed the building in collaboration with a Wellington architecture firm.