SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   FORM 10-QSB
                   Quarterly Report Under Section 13 or 15(d)
                     of the Securities Exchange Act of 1934

                    For the quarterly period ended 03/31/2001
                        Commission file number 333-41636

                              COR DEVELOPMENT, LLC
        ----------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

          Kansas                                   48-1229527
 -----------------------------           -----------------------------------
 (State or other jurisdiction           (IRS Employer Identification Number)
    of incorporation or
       organization)

                                    13720 Roe
                              Leawood, Kansas 66224

                    ----------------------------------------
                    (Address of principal executive offices)


                                  913-897-0120
                ------------------------------------------------
                (Issuer's telephone number, including area code)


   Check  whether  the  issuer  (1) filed all  reports  required  to be filed by
Section 13 or 15(d) of the  Securities  Exchange  Act of 1934 during the past 12
months (or for such shorter period that the registrant was required to file such
reports),  and (2) has been subject to such filing  requirements for the past 90
days.

        Yes  [X]      No  [ ]


                      APPLICABLE ONLY TO CORPORATE ISSUERS:

   State the number of shares  outstanding  of each of the  issuer's  classes of
common equity, as of the latest practicable date:

   As of May 7, 2001,  the  issuer  had  outstanding  252,350  common  units and
596,803 preferred units.


<PAGE>
                                      INDEX

PART I FINANCIAL INFORMATION  ..........................................4

     Item 1. Financial Statements  .....................................4

          Statement of Assets and Liabilities as of
          March 31, 2000 (unaudited)                       .............4

          Statement of Revenue and Expenses January through
          March 31, 2001 (unaudited)                       .............5

     Item 2. Management's Discussion and Analysis or Plan
             of Operation)                                 .............5

PART II OTHER INFORMATION  .............................................6

     Items 1 Legal Proceedings   .......................................6
     Items 2 Changes in Securities and Use of Proceeds  ................7
     Items 3 Defaults Upon Senior Securities  ..........................7
     Items 4 Submission of Matters to a Vote of Security Holders  ......7
     Items 5 Other Information  ........................................7
     Items 6 Exhibits and Reports on Form 8-K  .........................7


                CAUTIONARY NOTE ABOUT FORWARD-LOOKING STATEMENTS

   This  Quarterly  Report on Form 10-QSB and the  information  incorporated  by
reference may include "forward-looking statements" within the meaning of Section
27A of the  Securities  Act and Section 21E of the Exchange Act. In  particular,
your  attention  is  directed  to Part I, Item 2.  Management's  Discussion  and
Analysis  of  Financial  Condition  and  Results  of  Operation.  We intend  the
disclosure in these sections and throughout the Quarterly  Report on Form 10-QSB
to be covered by the safe harbor provisions for forward-looking  statements. All
statements  regarding our expected financial position and operating results, our
business strategy,  our financing plans and the outcome of any contingencies are
forward-looking statements.  These statements can sometimes be identified by our
use  of  forward-looking   words  such  as  "may,"  "believe,"  "plan,"  "will,"
"anticipate,"  "estimate,"  "expect,"  "intend"  and other  phrases  of  similar
meaning.  Known and unknown risks,  uncertainties  and other factors could cause
the  actual  results  to  differ  materially  from  those  contemplated  by  the
statements.  The  forward-looking  information  is based on various  factors and
assumptions.

   Although  we  believe  that  our  expectations  that are  expressed  in these
forward-looking  statements are  reasonable,  there can be no assurance that our
expectations will turn out to be correct. Our actual results could be materially
different from our expectations, including the following:

      general  economic  and business  conditions,  both  nationally  and in the
      regions in which we operate;

      demographic changes;


<PAGE>

      existing governmental regulations and changes in, or the failure to comply
      with, governmental regulations;

      our ability to manage the contemplated construction and to find tenants to
      occupy the proposed constructed space;

      liability and other claims asserted against us;

      competition in the commercial property lease marketplace;

      our ability to attract and retain qualified personnel;

      changes in generally accepted accounting principles; and

      the   availability   and  terms  of  capital  to  fund  the   contemplated
      construction of the buildings.

This list is intended to identify some of the principal factors that could cause
actual results to differ materially from those described in the forward-looking
statements included elsewhere in this report. These factors are not intended to
represent a complete list of all risks and uncertainties inherent in our
business, and should be read in conjunction with the more detailed cautionary
statements included in our other SEC filings.

   ANY   FORWARD-LOOKING   STATEMENTS  INCLUDED  IN  THIS  FORM  10-QSB  REFLECT
MANAGEMENT'S  BEST JUDGMENT BASED ON FACTORS  CURRENTLY  KNOWN AND INVOLVE RISKS
AND UNCERTAINTIES. ACTUAL RESULTS MAY VARY MATERIALLY.

<PAGE>

                         PART I - FINANCIAL INFORMATION

Item 1.     Financial Statements.

                              COR Development, LLC
                       Statement of Assets and Liabilities
                              As of March 31, 2001

                                                                March 31, 2001
         ASSETS
           Current Assets
                    Checking/Savings
                    Merrill Lynch                                   404,780.18
                                                                 -------------
           Total Checking/Savings                                   404,780.18
                                                                 -------------
           Total Current Assets                                     404,780.18

           Fixed Assets
                    Land Purchase-Hard Cost                      11,227,250.00
                    Land Purchase-Soft Cost                          44,557.09
                    Land Development-Hard Cost
                            Site Clearing                             6,780.00
                                                                 -------------

                    Total Land Development-Hard Cost                  6,780.00

           Land Development-Soft Cost
                    Architect Fees                                   86,036.54
                    Meeting Expenses                                  1,970.29
                    Postage                                           3,712.71
                    Printing & Brochures                             27,359.77
                    Professional Expenses                            48,895.38
                    Unclassified                                     60,867.38
                    Contributions from Members                      -12,000.00
                                                                 -------------

                    Total Land Development-Soft Cost                216,842.07
                                                                 -------------
           Total Fixed Assets                                    11,495,429.16
                                                                 -------------
         TOTAL ASSETS                                            11,900,209.34
                                                                 =============

         LIABILITIES & EQUITY
                  Liabilities
                           Current Liabilities
                   Other Current Liabilities
                                            Note-Gold Band        3,600,000.00
                                                                 -------------
                           Total Other Current Liabilities        3,600,000.00
                                                                 -------------
                           Total Current Liabilities              3,600,000.00
                                                                 -------------
         Total Liabilities                                        3,600,000.00
         Equity
                  Members Investments                             8,276,695.33
                  Retained Earnings                                  12,245.82
                  Net Income                                         11,068.19
                                                                 -------------
         Total Equity                                             8,300,209.34
                                                                 -------------

TOTAL LIABILITIES & EQUITY                                       11,900,209.34
                                                                 =============


<PAGE>

                              COR Development, LLC
                        Statement of Revenue and Expenses
                           January through March 2001

                                                              Jan - Mar 01
           Ordinary Income/Expense
                   Expense
                          Bank Service Charges                     42.00
                                                                --------
                  Total Expense                                    42.00
                                                               ---------

         Net Ordinary Income                                      -42.00

         Other Income/Expense
                Other Income
                          Dividend Income-Money Fund           11,110.19
                                                               ---------
                  Total Other Income                           11,110.19
                                                               ---------
         Net Other Income                                      11,110.19
                                                               ---------
Net Income                                                     11,068.19
                                                               =========

Item 2. Management's Discussion and Analysis or Plan of Operation.

   The Registrant, COR Development, LLC, a Kansas limited liability company, has
not had any revenues during the past two (2) years.

   For the next twelve (12) months,  the  Registrant,  COR  Development  will be
actively involved in the development of the 47 acres that were purchased in part
with the  proceeds of the  offering  of the common  units and  preferred  units.
During the next few months,  COR  Development  will be finalizing the site plans
for the building of the facilities for the office and retail space. We will then
be  conducting  meetings  with  the  staff of the City of  Leawood,  Kansas  and
meetings with adjacent property owners in preparation for receiving  approval of
the site  plans and  receiving  building  permits  for the  construction  of the
facilities.

   We will employ a construction  company for the construction of the facilities
and  the  overall  management  of the  construction.  As of this  date,  we have
selected Walton  Construction Co., Inc. to act as the general contractor for the
building  of the  facilities,  but no  contract  has  been  executed  for  these
services.  As of this  date,  we also have  selected  a company  to serve as the
entity to assist  with  securing  the  approval  of the site plans and to obtain
tenants for the facilities.

   During  the  coming  twelve  months,   construction   will  commence  on  the
facilities.  This  construction will involve  selective  demolition,  earthwork,
construction  of  underground  duct  and  utility  structures,  construction  of
sanitary sewerage and storm drainage and installation of pavement.

<PAGE>

   At this time, we have sufficient cash to proceed forward with the development
of the real estate until we obtain a construction loan. We anticipate  obtaining
a construction  loan at the end of the current calendar year or at the beginning
of the next calendar year. We currently  anticipate that the principal amount of
the construction loan will be approximately $39,000,000.  This construction loan
will  provide   sufficient  funds  to  proceed  with  the  construction.   If  a
construction  loan is not  obtained,  we will not be able to  continue  with the
construction of the facilities.

   Based upon the current site plans, there will be approximately 500,000 square
feet of retail,  hotel and office space. The facilities will be on 36 acres. The
current site plans will include a 120-room hotel,  197,000 square feet of retail
space,  243,000  square feet of office space, a bank and five  restaurants.  The
current  site plans  provide  more square  feet of retail and office  space then
originally  anticipated in the  prospectus  which  indicated a combined  329,000
square feet of retail and office space. The reconfiguration of the facilities on
the property has allowed for more space to use and to rent.

The  construction  will continue for an extended  time.  We anticipate  that the
construction of all of the facilities should occur in 2005.


PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

   The Registrant is not currently involved in any legal proceedings.

Item 2. Changes in Securities and Use of Proceeds.

   There have been no changes in the terms of, or the rights  evidenced  by, the
registered securities. There have been no sales of unregistered securities.

   The effective date of the  registration  statement of Registrant was November
3, 2000.  The offering was commenced on November 6, 2001. No sales of securities
were made until January 2001.

   There are two classes of securities,  common units and preferred  units.  The
offering  has now  terminated  before  all of the  registered  common  units and
preferred  units were sold.  A total of  1,600,000  units were  registered  that
consisted of a collective  1,600,000 of common units and  preferred  units.  The
Registrant  could  only  offer a total of  1,600,000  units.  To the date of the
termination  of the  offering on May 7, 2001,  252,350  common units and 596,803
preferred units were sold, which provided  proceeds of $8,491,530.  The offering
price was $10.00 per unit for either a preferred  unit or a common  unit.  There
was no underwriter engaged or employed for this offering.  The amount registered
of  each  class  of  security,  the  aggregate  price  of  the  offering  amount
registered, the amount sold of each security and the aggregate offering price of
the amount sold are as follows:

<PAGE>


TITLE OF EACH                                                       AGGREGATE
 REGISTERED           AMOUNT         AGGREGATE         AMOUNT        OFFERING
 SECURITY           REGISTERED     OFFERING PRICE       SOLD        PRICE SOLD

Common Units        1,600,000       $16,000,000        252,350      $2,523,500

Preferred Units     1,600,000       $16,000,000        596,803      $5,968,030

   From the effective date of the registration  statement to March 31, 2001, the
amount of the expenses incurred with respect to the issuance and distribution of
the securities was $49,894.60 for legal fees,  accounting  fees and the costs of
the  printing  of  prospectuses  and unit  certificates..  As  disclosed  in the
registration  statement,  Arthur  E.  Fillmore,  II,  one  of  the  managers  of
Registrant,  is a member of Craft  Fridkin & Rhyne,  L.L.C.  This firm  provided
legal counsel to  Registrant  during the  registration  of its  securities.  Mr.
Fillmore,  however, did not charge Registrant any fees for any of his time spent
in the registration process.

   The  total  amount  of  proceeds  available  from the  effective  date of the
registration  statement,  November 3, 2000, to March 31, 2001 was $6,331,885.40.
Out of these proceeds,  the Registrant used the sum of $5,406,807.09 to purchase
real estate on which it will build  facilities  that will  consist of office and
retail space.  The  Registrant  also had the sum of  $404,780.18  invested in an
account  offering  interest  on such  funds.  The  Registrant  used the sum of $
347,591.43for  its working  capital  needs during this time.  No managers of the
Registrant  or persons  owning ten  percent  (10%) or more of any class of these
securities received any of these payments.

   The use of the proceeds set forth above does not constitute a material change
in the use of proceeds set forth in the prospectus of the Registrant.

Item 3. Defaults Upon Senior Securities.

   There have no defaults on any indebtedness of Registrant.

Item 4. Submission of Matters to a Vote of Security Holders.

   No matters  have been  submitted  to a vote of the holders of the  registered
securities.

Item 5. Other Information.

   There is no other information to be submitted.

Item 6. Exhibits and Reports on Form 8-K.

   (a) There are no exhibits included with this report.


All exhibits  have either been  previously  filed or are not  applicable  to the
Registrant.

   (b) There has been no Form 8-K filed by Registrant.



<PAGE>

SIGNATURES

   In accordance with the  requirements of the Securities  Exchange Act of 1934,
the Registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

                                         COR DEVELOPMENT, LLC
                                         (Registrant)


Date: May 30, 2001                       By:/s/ Robert M. Adams
                                            ----------------------------------
                                                Robert M. Adams, Manager of
                                                COR Development, LLC
   SIGNATURE                                               TITLE