The Globe article mentions that it has been difficult to fill many of the vacant spots in the Peabody stretch of Route 1 during recent times, while further south, the Saugus stretch generally seems to be doing better. The article also states that the owner of the site could receive financing for the project very soon, with work on the spot possibly beginning before the winter.
The address for the former (and possibly future) Bel-Aire Diner is 131 Newbury Street (Route 1) in Peabody.
For more information on the possible reopening of the Bel-Aire Diner in Peabody, please go to the Boston Globe link below:
Hoping for a revival
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