In the early years of Dutch colonial settlement, the majority of the city's territory was once part of the area of Manor of Rensselaerswyck, a feudal-style manor or patroonship. The land north of a line crossing the Cohoes Falls (today Manor Avenue) was outside the Manor and was owned by the Van Olohde family between 1725 and 1750. Rensselaerswyck was established by Killiaen Van Rensselaer, the patroon and a Dutch merchant. In 1632, he had an agent pace off an enormous triangle-shaped area around the confluence of the Mohawk and Hudson rivers, from the Peebles Island northwest to the Cohoes Falls and south to today's Watervliet; this area was the core of the future city of Cohoes. Starting in the 1690s the Patroon began to issue leases for the area of Cohoes, reserving for himself a strip below the Cohoes Falls for the future site of mills powered by water.