The Boston Globe mentions that Route 1 Miniature Golf in Saugus, which is also home to the Dairy Castle ice cream stand, batting cages, an arcade, and its famous orange dinosaur, will open back up for one final season, as the sale won't become official until this fall. The article says that the complex plans to reopen for the season sometime in April, and that it should be open for at least a few months before the sale goes through and construction begins (possibly in September).
[April 25 update: A phone call placed to the Route 1 Miniature Golf complex indicates that it is now open once again.]
It appears that the new development replacing Route 1 Miniature Golf will include two hotels, apartments, and retail/restaurant space; it is still not known what might happen to the dinosaur.
The Route 1 Miniature Golf complex has been in business since 1958.
[Earlier Article]
Dairy Castle/Route 1 Miniature Golf in Saugus to Be Sold; Hotel/Apartment Complex to Move In
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[A related post from our sister site (Boston's Hidden Restaurants): List of Restaurant Closings and Openings in the Boston Area]