Converse: reinventing, reinvesting retailConverse: reinventing, reinvesting retailhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=113532015-12-03T06:00:00Z2015-12-03T17:00:00Z

CONVERSE, BEXAR COUNTY - The City of Converse has shifted from a sleepy, tertiary market to a growing economic hub with a soaring rise in residential population.

It added more than 400 residential units this year, posts an average household income of more than $75,000, and between 1990 and 2020, expects to see population growth hit 165 percent. The one thing it doesn’t have enough of? Retail.

Despite its success in attracting large-name companies such as Caterpillar — which has provided a significant boost in both residential demand and development — all of those people and all of those sales tax dollars are traveling elsewhere.

In a study commissioned by the city, there is about $732 million in unmet retail demand in Converse.

“Converse is reinventing itself, reinvesting in itself and proving it’s worth investing in,” Kate Silvas, the executive director of Converse’s Economic Development Corporation, said. “There is $40 million in infrastructure recently completed or in the pipeline, and we’re aggressively pursuing new projects.”

“The goal is to reduce the retail leakage and capture the largest leaks, which we found to be specialty food stores, clothing and national-brand, full-service restaurants,” said Retail Coach’s Senior Vice President Aaron Farmer.
San Antonio Business Journal
San Antonio-New Braunfels

​​See San Antonio Retail Market Research​.

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