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  [ ]      No  [X]


                      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.

                               EXPLANATORY NOTE

  COR Development, LLC ("COR") has re-evaluated whether the independent
auditor review obtained with respect to its report on Form 10-QSB for the
quarterly period ended March 31, 2001 was in compliance with the standards
set forth by Statement of Auditing Standards 100 (which supersedes Statement
of Auditing Standards 71) .  Based on its re-evaluation, COR now believes
that the review was not in compliance with such standards; as such, COR
retained the independent auditing firm of Mayer Hoffman McCann, P.C. to
perform such review.

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   COR has also re-evaluated whether it was required to file an Annual Report
on Form 10-KSB for the fiscal year ended December 31, 2000.  Based on its
re-evaluation, COR now believes that it was required to file such an Annual
Report.

   The review by Mayer Hoffman McCann, P.C. is now completed.  This report
is being filed to amend and restate the following item contained in COR's
report on Form 10-QSB for the quarterly period ended March 30, 2001,
originally filed with the Securities and Exchange Commission on May 31, 2001:

     * Item 1.  Financial Statements

     * Notation above indicating that while Section 15(d) of the Securities
Act of 1934 required COR to files its Annual Report on Form 10-KSB for the
fiscal year ended December 31, 2000, COR had not filed such Annual Report as
of May 31, 2001.

   In order to preserve the nature and character of the disclosures set forth
in such items as originally filed, this report continues to speak as of the
date of the original filing, and COR has not updated the disclosures in this
report to speak as of a later date. All information contained in this
amendment is subject to updating and supplementing as provided in our reports
filed with the Securities and Exchange Commission subsequent to May 31, 2001.


                                      INDEX

PART I FINANCIAL INFORMATION ...........................................4
	Item 1. Condensed Financial Statements (Unaudited) ...............4
		  Condensed Balance Sheets .................................4
		  Condensed Statements of Operations (Unaudited) ...........5
		  Condensed Statements of Cash Flows (Unaudited) ...........5
		  Notes to Condensed Financial Statements (Unaudited) ......6

     Item 2. Management's Discussion and Analysis or Plan
             of Operation)                                 .............8

PART II OTHER INFORMATION  .............................................9

     Items 1 Legal Proceedings   .......................................9
     Items 2 Changes in Securities and Use of Proceeds  ................9
     Items 3 Defaults Upon Senior Securities  .........................10
     Items 4 Submission of Matters to a Vote of Security Holders  .....10
     Items 5 Other Information  .......................................10
     Items 6 Exhibits and Reports on Form 8-K  ........................10

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                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;

    	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.

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<PAGE>
ITEM 1. CONDENSED FINANCIAL STATEMENTS

<TABLE><CAPTION>
				COR DEVELOPMENT, LLC
			(A Development Stage Company)
			  CONDENSED BALANCE SHEETS
				  (Unaudited)

		      	    	             Unaudited
						    March 31,2001   December 31, 2000
<S>							 <C>                 <C>
			Assets
Land						$	11,256,808	$	       ---
Costs of development			         223,421	  	   153,155
Cash and cash equivalents		         404,780         6,283,998
Unamortized financing costs			    15,000		    15,000

Total assets				$	11,900,009	$	 6,452,153


			Liabilities
Accounts payable				$	       	$	   107,484
Accrued interest					                         ---
Other loans and advances			 1,279,915		 6,332,423
Note payable to bank				 3,600,000
Total liabilities					 4,879,915		 6,439,907

Commitments and contingencies			       ---       	  	 ---
Temporary equity - units issued in
violation of state securities laws		 6,996,780

		Members' Equity (Deficit)
Capital Contributed				       ---
Excess (deficit) accumulated during the
  development stage				    23,314		    12,246
Total members' equity (deficit)		    23,314		    12,246
Total liabilities and members'
equity (deficit)				$	11,900,009	  $	 6,452,153

</TABLE>
NOTE:  The balance sheet at December 31, 2000 has been derived from the audited
financial statements at that date but does not include all of the information
and footnotes required by U.S. generally accepted accounting principles for
complete financial statements.

See notes to condensed financial statements.

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<PAGE>
<TABLE><CAPTION>
				COR DEVELOPMENT, LLC
			(A Development Stage Company)
		    CONDENSED STATEMENTS OF OPERATIONS
				  (Unaudited)
							     			March 24,
					   	Three				2000
		   			   	Months     	      	(inception)
					   	Ended                	through
					   	March 31,            	March 31,
			  		   	2001                 	2001
<S>		      	    	   	<C>                  	<C>
INCOME
Investment income	  		   	$   11,110	    		$   23,525

EXPENSES
	General and administrative            42                     211
	Depreciation and amortization
Total expenses				        42                     211

Net income (loss)			      $   11,068              $   23,314
Income(Loss) per unit		      $     .016
</TABLE>

<TABLE><CAPTION>

				COR DEVELOPMENT, LLC
			(A Development Stage Company)
		    CONDENSED STATEMENTS OF CASH FLOWS
				   (Unaudited)

			     								March 24,
					   		Three				2000
		   			   		Months     	      	(inception)
					   		Ended                	through
					   		March 31,            	March 31,
			  		   		2001                 	2001
<S>		      	    	   		<C>                  	<C>

Operating activities:
  Net income (loss)			  	$  11,068   		$   23,314
   Adjustment to reconcile net income
    (loss) to net cash flows from
     operating activities
  Depreciation and amortization
  Increase (decrease) in operating liabilities
   Accounts Payable
NET CASH FLOWS FROM
     OPERATING ACTIVITIES 			   11,068		     	    23,314

Investing activities:
  Purchase of land			    (11,256,808)             (11,256,808)
  Costs of land development		       (127,855)                (173,526)
  Purchase of property and equipment
NET CASH FLOWS FROM
     INVESTING ACTIVITIES  		    (11,384,663)             (11,430,334)

Financing activities
  Equity contributions from units issued
   in public offering			      6,996,780                 6,996,780
  Other loans and advances for the
   purchase of units                     (5,052,508)                1,279,915
    Net					      1,944,272                 8,276,695
  Proceeds from note payable to bank      5,500,000                 5,500,000
  Repayment of note payable to bank      (1,900,000)               (1,900,000)
  Offering costs                            (49,895)                  (49,895)
  Cost of bank financing                        ---                   (15,000)
  Overdraft
     NET CASH FLOWS FROM
     FINANCING ACTIVITIES                  5,494,377               11,811,800

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<PAGE>
	NET (DECREASE) INCREASE IN
     CASH AND CASH EQUIVALENTS            (5,879,218)                 404,780

     CASH AND CASH EQUIVALENTS,
     BEGINNING OF PERIOD                   6,283,998                      ---

     CASH AND CASH EQUIVALENTS,
     END OF PERIOD                        $  404,780              $   404,780

Cash paid:

      Interest				      $      ---              $       ---
Non-cash transactions related to
 investing activities:

       Change in accrued interest on
         bank loan allocated to land      $      ---              $       ---

       Change in accrued other cost
	   of development allocated to      $   107,484             $       ---
	   land

</TABLE>

						COR DEVELOPMENT, LLC
					(A Development Stage Company)
				NOTES TO CONDENSED FINANCIAL STATEMENTS

						March 31, 2001
1.	Basis of presentation

The accompanying unaudited condensed financial statements of COR Development,
LLC (the Company) have been prepared in accordance with generally accepted
accounting principles for interim financial information and with the
instructions to Form 10-QSB.  Accordingly, they do not include all of the
information and footnotes required by generally accepted accounting principles
for complete financial statements.  In the opinion of management, all
adjustments considered necessary for a fair presentation have been included.
Operating results for the three months ended March 31, 2001 are not necessarily
indicative of the results that may be expected for the year ended
December 31, 2001.  For further information, refer to the financial statements
and footnotes included in the COR Development, LLC annual report on Form
10-KSB for the year ended December 31, 2000.

2.	Going concern

The accompanying financial statements have been prepared on a going concern
basis, which contemplates continuity of the Company's operations and
realization of its assets and payment of its liabilities in the ordinary
course of business.  On April 7, 2003 the Company's management determined
that the equity securities issued in 2001 by the Company in a public offering
were not in compliance with applicable state exemptions from registration and
may be subject to rescission.  This condition raises substantial doubt about
the Company's ability to continue as a going concern.  The financial
statements do not include any adjustments to reflect the possible future
effect on the recoverability and classification of assets or the amounts and
classification of liabilities that may result from the outcome of this
uncertainty.

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<PAGE>
INDEPENDENT ACCOUNTANTS' REPORT

To the Members

COR DEVELOPMENT, LLC

We have reviewed the condensed balance sheet of COR Development, LLC (a
development stage company) as of March 31, 2001 and the related condensed
statements of operations and cash flows for the for the three-month period
ended March 31, 2001 and the period from inception (March 24, 2000) through
March 31, 2001.  These financial statements are the responsibility of the
Company's management.

We conducted our review in accordance with standards established by the
American Institute of Certified Public Accountants.  A review of interim
financial information consists principally of applying analytical procedures
and making inquiries of persons responsible for financial and accounting
matters.  It is substantially less in scope than an audit conducted in
accordance with generally accepted auditing standards, the objective of
which is the expression of an opinion regarding the financial statements
taken as a whole.  Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material modifications that
should be made to the condensed financial statements referred to above for
them to be in conformity with accounting principles generally accepted in
the United States of America.

We have previously audited, in accordance with auditing standards generally
accepted in the United States of America, the balance sheet of COR Development,
LLC (a development stage company) as of December 31, 2000 and the results of
its operations and its cash flows for the period from inception (March 24,
2000) through December 31, 2000 (not presented herein); and in our report
dated August 20, 2003, we expressed an unqualified opinion on those financial
statements.  In addition, our report included an explanatory paragraph
regarding a going concern uncertainty.  In our opinion, the information set
forth in the accompanying condensed balance sheet as of December 31, 2000,
is fairly stated, in all material respects, in relation to the balance sheet
from which it has been derived.

The accompanying financial statements have been prepared on a going concern
basis, which contemplates continuity of the Company's operations and
realization of its assets and payment of its liabilities in the ordinary
course of business.  As discussed in the notes to the 2000 financial
statements, on April 7, 2003 the Company's management determined that the
equity securities issued in 2001 by the Company in a public offering were not
in compliance with applicable state exemptions from registration and may be
subject to rescission.  This condition raises substantial doubt about the
Company's ability to continue as a going concern.  The financial statements
do not include any adjustments to reflect the possible future effect on the
recoverability and classification of assets or the amounts and classification
of liabilities that may result from the outcome of this uncertainty.

Mayer Hoffman McCann P.C.
Leawood, Kansas
August 20, 2003

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<PAGE>
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.

   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.

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<PAGE>
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:

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.

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   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.

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: August 22, 2003                       By:/s/ Robert M. Adams
                                            ----------------------------------
                                                Robert M. Adams, Manager of
                                                COR Development, LLC
   SIGNATURE                                               TITLE

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