Rensselaer Commercial Properties (RCP) announced the donation of 46.975 acres of land in the Borough of Riverdale to the Morris County Park Commission. The donated land will become a part of the Waughaw Mountain Greenway.
“We believe that a crucial part of doing business is serving the communities we operate in,” said Rensselaer Commercial Properties CEO Christina PioCosta-Lahue. “For us, real estate is just as much about providing high quality spaces where our tenants can create, build, grow and thrive as it is about preserving the natural spaces around us,” she continued.
The Waughaw Mountain Greenway is situated in the Borough of Riverdale and Kinnelon Borough. Plans for the Greenway include a network of hiking and off-road cycling trails. “We’re thrilled to make this donation to the Morris County Park Commission and are even more excited that our land will help in the further development of the Waughaw Mountain Greenway,” said Managing Partner and Owner Robin PioCosta-Lahue.
Fairfield-based Rensselaer Commercial Properties owns and manages a diverse portfolio of properties including office space, flex space, recreational facilities and self storage. RCP also has a portfolio of rural properties around Northern New Jersey. RCP has made conservation a core part of its mission, undertaking a variety of green initiatives, including preserving undeveloped forest in Mansfield Township in Warren County.
“Not just a donation of land to expand the Greenway to 463-acres but the permanent protection of green space at the gateway to Morris County. The Park Commission thanks the PioCosta-Lahue family for bringing back the legacy of the land donations that began with the Park Commission’s inception in 1956,” said Park Commission President Stuart Lasser.
“Preserving open space for our residents is a priority,” said Riverdale Mayor Paul Carelli. “It is heartening to see a business that is truly committed to giving back to the community in a big way. We’re grateful to Robin, Christina and the entire RCP team for their generous gift of this land to the Park Commission and are glad to have played a role in preserving this space,” he continued. “The Waughaw Mountain Greenway will be a wonderful amenity for not only our residents and those from surrounding communities, but will also showcase what Riverdale has to offer to all who visit the Greenway.”
Morris County Park Commission Executive Director Helmer further noted “that the land donation enhances the proposed trailhead that will begin along the Route 23 corridor. On behalf of the Park Commission and future trail users of the Greenway, I would like to thank Rensselaer Commercial Properties for its commitment to preserving open space that will allow for what the Commission hopes one day will be a regional mountain biking destination and for the preservation of a large wooded area. RCP and its owners are now part of the legacy of the Waughaw Mountain Greenway."