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Trice Jewelers is leaving its longtime Denver store at University Hills Plaza for a new, more modern location at The Streets of SouthGlenn in Centennial.

“It will be one of the most high-tech jewelry stores, possibly in the entire West,” Trice owner Ralph Klomp told the Denver Business Journal on Friday. The jeweler refers to the machinery the store will have, some of which is computerized and uses lasers, for the custom jewelry it designs and makes.

Klomp, through K2 Karbon LLC of Denver, paid $950,000 in June for a couple of acres at the Centennial retail, office and residential development, according to the store owner and Arapahoe County property records.

The Streets at SouthGlenn, which is the $310 million redevelopment of the old Southglenn Mall, is at Arapahoe Road and South University Boulevard.

Trice’s new freestanding, 12,500-square-foot store had a quiet groundbreaking on July 2, and is under construction, Klomp said.

Klomp expects to move his existing Trice store, long located at 2520 S electronic check payday advance. Colorado Blvd. in University Hills Plaza, to its new location by Nov. 1. The new store is near University Boulevard and The Street at SouthGlenn’s existing Whole Foods Market grocery store.

Klomp is relocating to The Streets at SouthGlenn because it’s a “progressive retail development,” he said.

The Streets at SouthGlenn includes roughly 1 million square feet of space, most of it retail. The development also has office space and apartments. Principal stores include Macy’s, Sears, Whole Foods Market and Hollywood Theaters. The project’s owners include Walton Street Capital LLC of Chicago and PCCP LLC of San Francisco, which recently restructured $300 million of construction debt for the property with multiple lenders.

Alberta Development Partners LLC of Greenwood Village is SouthGlenn’s developer.

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