The Port of Bellingham and the City of Bellingham are working together to redevelop a 237 acre site adjacent to the current downtown that was formerly a pulp and tissue mill. After many years of planning, activities are under way. The Port has signed an agreement with a master developer, Harcourt Developments, which has recently completed reconstructing an old picturesque granary into a mixed use retail and office center that will serve as a gateway to the district. Additional office and residential spaces are in the planning stages. The City is building streets, utilities, and parks, with creation of Waypoint Park completed in 2018. Environmental cleanup is proceeding elsewhere on the site. After completion of cleanup, construction will begin on the largest waterfront park, the 17-acre Cornwall Beach Park. Trails and bikeways will provide transportation links throughout the area. Work was completed in 2019 on the first of two main arterials through the Waterfront site, Granary Avenue and Laurel Street. The Millworks project, a proposed food business incubator combined with event space and housing, received preliminary Port approval in late 2019.
Portions of the waterfront are being retained for commercial and industrial use. Notable recent developments include an expanded manufacturing facility for boat builder All American Marine, and the establishment of a new 48,000 square foot facility for solar manufacturer Silfab Solar.