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 03/31/2003
                        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
    of incorporation or                   Number)
       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 March 31, 2003, the issuer had outstanding 254,850 common units and
601,416 preferred units.

<PAGE>

                                  INDEX

PART I FINANCIAL INFORMATION  ..........................................2

     Item 1. Condensed Financial Statements (Unaudited) ................2

             Condensed Balance Sheets            .......................2

             Condensed Statements of Operations (Unaudited) ............3

             Condensed Statements of Cash Flows (Unaudited) ............3

             Notes to Condensed Financial Statements (Unaudited) .......5

     Item 2. Management's Discussion and Analysis or Plan
             of Operation                                  .............6

		 Generally .................................................6

		 Resicission Offer .........................................8

     Item 3. Controls and Procedures ..................................10

PART II OTHER INFORMATION  ............................................10

     Item 1 Legal Proceedings    ......................................10

     Item 2 Changes in Securities and Use of Proceeds   ...............10

     Item 3 Defaults Upon Senior Securities   .........................12


     Item 4 Submission of Matters to a Vote of Security Holders   .....12

     Item 5 Other Information   .......................................12

     Item 6 Exhibits and Reports on Form 8-K   ........................12

CERTIFICATIONS  .......................................................14


<PAGE>
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, as amended, and Section 21E of the
Exchange Act, as amended. 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, business strategy, 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.

Page 1
<PAGE>
ITEM 1. CONDENSED FINANCIAL STATEMENTS

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

	      	    	                 (Unaudited)
						   March 31, 2003   December 31, 2002
<S>							 <C>                 <C>
			Assets
Land						$	13,386,951	$	13,136,329
Cash and cash equivalents			    23,172	  	    21,653
Property and equipment, at cost		     5,024		     5,024
Accumulated depreciation			    (1,757)		    (1,506)
Unamortized financing costs			    12,650		    13,800

Total assets				$	13,426,040	$	13,175,300


			Liabilities
Accounts payable				$	    13,836	$	    47,304
Accrued interest					    85,521		    82,926
Other loans and advances			    88,905		    88,905
Note payable to bank				 4,894,690		 4,611,764
Total liabilities					 5,082,952		 4,830,899

Commitments and contingencies			       ---        	 ---

Temporary equity - units subject to		 8,513,765		  8,513,765
recission

			Members' Equity (Deficit)
Capital Contributed					 ---        	 ---
Deficit accumulated during the
  development stage				  (170,677)		   (169,363)
Total members' equity (deficit)		  (170,677)		   (169,363)
Total liabilities and members'
equity (deficit)				$	 13,426,040	  $	  13,175,300

</TABLE>

NOTE:  The balance sheet at December 31, 2002 has been derived from the audited
financial statements at that date but does not include all of the information
and footnotes required by generally accepted accounting principles for complete
financial statements.

See notes to condensed financial statements.
Page 2
<PAGE>
<TABLE><CAPTION>
				COR DEVELOPMENT, LLC
			(A Development Stage Company)
		    CONDENSED STATEMENTS OF OPERATIONS
				  (Unaudited)

								    March 24,			  March 24,
						   Three		2000		 Three  	   2000
						   months      (inception)     months     (inception)
						   Ended         through	 Ended       through
						  March 31,     March 31,	March 31,	 March 31,
			  			   2003          2003          2002          2002
<S>		      		    	    <C>           <C>           <C>          <C>

INCOME
Investment income	  		  	 $	   87	    $	 30,706     $    175	$   30,178

EXPENSES
	General and administrative    	   -- 	189,276           --        68,859
	Depreciation and amortization 	 1,401       12,107         1,401        6,503
Total expenses					 1,401  	201,383         1,401       75,362

Net income (loss)			  	 $  	(1,314)   $(170,677)	$  (1,227)   $ (45,184)

Income(Loss) per unit		  	 $  	(0.001)			$  (0.001)

</TABLE>

<TABLE><CAPTION>

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


								    March 24,			  March 24,
						   Three		2000		 Three  	   2000
						   months      (inception)     months     (inception)
						   Ended         through	 Ended       through
						  March 31,     March 31,	March 31,	 March 31,
			  			   2003          2003          2002          2002
<S>		      		    	    <C>           <C>           <C>          <C>

Operating activities:
  Net income (loss)			  $  (1,314)    $ (170,677)    $  (1,226)    $  (45,184)
   Adjustment to reconcile net
    income(loss) to net cash flows
    from operating activities
  Depreciation and amortization	       1,401         12,107         1,401		   6,503
  Increase (decrease) in operating
    liabilities Accounts Payable	           0              0             0              0
NET CASH FLOWS FROM
     OPERATING ACTIVITIES
						          87       (158,570)           175        (38,681)
Page 3
<PAGE>

Investing activities:
  Purchase of land				---        (11,256,808)       ---        (11,256,808)
  Costs of land development		     (281,494)    (2,030,786)     (143,668)     (1,001,576)
  Purchase of property and equipment      ---           (5,024)         ---             (5,024)
NET CASH FLOWS FROM
     INVESTING ACTIVITIES  		     (281,494)    (13,292,618)    (143,668)    (12,263,408)

Financing activities
  Equity contributions from units
   issued in public offering			---          8,563,660         ---         8,563,660
  Other loans and advances for the
   purchase of units                      ---             88,905         ---            88,905

    Net					      ---          8,652,565         ---         8,652,565
  Proceeds from note payable to bank     282,926       6,851,690        172,000      5,672,000
  Repayment of note payable to bank       ---         (1,957,000)        ---        (1,957,000)
  Offering costs                          ---            (49,895)        ---           (49,895)
  Cost of bank financing                  ---            (23,000)        ---           (23,000)
  Overdraft                               ---              --- 	      (28,507)          7,419

     NET CASH FLOWS FROM
     FINANCING ACTIVITIES                282,926       13,474,360       143,493      12,302,089

     NET (DECREASE) INCREASE IN
     CASH AND CASH EQUIVALENTS             1,519           23,172             0                0

     CASH AND CASH EQUIVALENTS,
     BEGINNING OF PERIOD                  21,653            ---               0                0

     CASH AND CASH EQUIVALENTS,
     END OF PERIOD                    $   23,171       $   23,171    $        0    $           0

Cash paid:

      Interest				  $   (82,925)	 $ (586,520)  $     ---        $     ---
Page 4
<PAGE>
Non-cash transactions related to
 investing activities:

       Change in accrued interest on
         bank loan allocated to land  $     2,596	 $   85,521   $     ---        $     ---

       Change in accrued other costs
	   of Development allocated to  $   (33,468)     $   13,836   $     ---        $     ---
	   land

</TABLE>

				COR DEVELOPMENT, LLC
			(A Development Stage Company)
		    NOTES TO CONDENSED FINANCIAL STATEMENTS
				  (Unaudited)
                         March 31, 2003


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, 2003
are not necessarily indicative of the results that may be expected for the
year ended December 31, 2003.  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, 2002.

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.
Page 5
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

Generally.

This item should be read in conjunction with the consolidated financial
statements and other items contained elsewhere in this report.

For the next twelve (12) months, COR will be actively involved in the
development of 47 acres located at the intersection of 137th and Nall
in Leawood, Kansas.

We expect COR'S primary sources of revenue to be:

      1)  the sale of six undeveloped pad sites over the next three years;
      2)  the leasing of space in the commercial buildings; and
      3)  the sale of the commercial  buildings  after a period of
operation and at the time that holders of a majority of the units shall
approve the sale, which is currently contemplated to be by the end of
2015.

We propose to accomplish four purposes with the real estate. First, we will
develop and sell six pad sites over the next three years. Second, we plan to
develop and build commercial office and retail space and will engage a
management company to lease this space. Based upon the current site plans,
there will be approximately 360,000 square feet of retail and office space,
consisting of 220,000 square feet of retail space, a maximum of 50,000 square
feet of pad space (which is expected to include a bank and three restaurants),
and 90,000 square feet of office space. These facilities will be located on
approximately 34 acres. The site may include a hotel, depending on our ability
to attract an appropriate hotel operator at a price, and within a timeframe,
that we deem acceptable.

Third, we plan to donate a total of approximately 15 acres to the Church
of the  Resurrection  for use in the  development of its worship and
educational  facilities. Fourth, we plan to develop the  commercial
buildings in a manner that provides  parking fields that can be utilized
by the Church of the  Resurrection for its Sunday  services  and other
programs and activities.

Johnson County, Kansas has experienced a significant expansion of commercial
office space over the past ten years.  Since 2000, the vacancy rate for
commercial property in Johnson County has increased substantially while
average rental rates for commercial property have stabilized and even
declined slightly.  These market conditions may make it difficult or
infeasible to reach our projected vacancy and rent targets.

We anticipate that construction on the buildings will commence in June 2003
and should be completed by 2005.  In late October, 2001, we finalized
and filed with the City of Leawood, Kansas, our original site plans for the
building of the facilities for the office and retail space. In conjunction
with the filing of the site plans, we requested the zoning necessary for the
proposed development.  Because of subsequent and significant changes to the
site plan, it was necessary to re-submit plans to the City.  A revised site
plan and accompanying documentation was submitted to the City of Leawood on
May 31, 2002.  Plan approval with the City of Leawood is a three-step process
in which the City's Planning Commission must give preliminary approval of the
development plan, the City Council must give its preliminary approval of the
plan, and finally the Planning Commission must give its final approval of the
plan.  City officials may ask for revisions to the plan at various points in
this process.  We held an informal work session with the Planning Commission
on October 8, 2002 to discuss the preliminary plan and received Planning
Commission feedback, and on October 28, 2002 we secured preliminary plan
approval by the
Planning Commission.  In February 2003 we received zoning approval and final
site plan approval.  Additional site plan approvals are required as each
specific building is designed and submitted for permitting.
Page 6
<PAGE>
With regard to a majority of the capital improvements and public right of way
included in the proposed development, the cost of those developments must be
allocated between COR and the Church of the Resurrection.  COR and the Church
of the Resurrection have agreement in principal on this allocation, but COR
must obtain the approval of the Kansas Attorney General to the allocation.

The City Council for the City of Leawood COR has passed a resolution of intent
to approve approximately $6,250,000 to issue special benefit district bonds in
connection with the special benefit district improvements for the development.
There are several issues that must be resolved prior to issuance of bonds
including approval of the proposed construction company, Walton Construction
Co., Inc.  With the passage of the resolution of intent, COR believes that the
main issue remaining with respect to the special benefit district improvements
is approval of the Kansas Attorney General as discussed above.  If such
approval cannot be obtained, that could potentially defeat the ability of COR
to develop the real estate and meet its business objectives.  However, COR has
no indication that approval from the Attorney General will be withheld.

The time frames indicated above are preliminary, and subject to change.
Further, we cannot assure you that the City of Leawood will approve the site
plans on a building-by-building basis or issue any or all of the necessary
permits required for us to develop the real estate as proposed.  If the City
of Leawood fails to approve the site plans on a building-by-building basis,
or if the City of Leawood or other local governments or regulatory
authorities fail to issue one or more necessary permits, we anticipate that
we will not be able to conduct the development without significant revision
to our current plan of operation.

We will employ a construction management company to take responsibility for
the overall management of the construction, including preparing the pad sites
for sale and developing and constructing the commercial buildings.  We have
selected Walton Construction Co., Inc. to act as the general contractor for
the building of the facilities, but COR has no written contract with this
entity as of yet.  We also plan to employ a real estate development management
company to assist with securing the approval of the site plans, to provide
leasing services including obtaining tenants for the facilities, and to manage
maintenance of the buildings.  COR has entered a written contract with Red
Development Services, L.L.C., pursuant to which Red Development Services,
L.L.C. will serve as development manager.  COR's managers will provide
oversight of the construction management company and the leasing management
company.

Over the next twelve (12) months, COR intends to focus its efforts on securing
tenant commitments and leases for the purposes of obtaining a phase one
construction loan. We also expect to begin phase one of the construction, by
which we mean construction of a multi-tenant building and the construction
and proposed sale of pad sites.  At this time, subject to the results of our
rescission offer (see below), we have sufficient capital to carry the land
through the second or third quarter of 2003.  However, without one or more
construction loans, currently we do not have sufficient capital to begin phase
one construction or to otherwise develop the land as planned.  We anticipate
that including the phase one construction loan, we will need to obtain a total
 of approximately $39,000,000 in construction loans to complete development as
planned.  The development will continue for an extended time - we currently
anticipate that construction of all of the proposed facilities should be
completed by 2005.
Page 7
<PAGE>
We expect to begin phase one of construction in the second quarter of COR's
fiscal year 2003.  As currently envisioned, phase one will include pad site
work (selective demolition, grading, construction of sanitary sewerage and
storm drainage, and pavement of common areas) and construction of a
multi-tenant building.  On March 11, 2003 COR signed a lease with Ultimate
Electronics, Inc., pursuant to which Ultimate is to occupy approximately
31,000 square feet of this multi-tenant building.  The lease may be
terminated if the multi-tenant building is not completed by May 1, 2004,
subject to delays caused by events outside the reasonable control of COR.
We expect to begin pad site work in late April or early May 2003 and
construction of the building in June 2003.

We expect phase one construction to be funded by a phase one construction loan
and by proceeds from pad site sales.  We anticipate the phase one construction
loan to be approximately $18,000,000 to $19,000,000, and that the proceeds of
this loan will be used to completely satisfy COR's existing debt from the
purchase of the land.(See Item 5, "Market for Common Equity and Related
Stockholder Matters.")  We also anticipate that at least two pad sites will be
sold during or before COR's fiscal year 2004, and the proceeds from such sales
used for pad site work.  We currently have one contract for the sale of a pad
site for a price within our projected sale range; this contract was entered
on March 11, 2003 and is scheduled to close in June 2003, although closing
may under the contract be postponed until August 2003COR continues to pursue
sales of the remaining five (5) pad sites.

We cannot assure you that we will be successful in entering more leases or
pad site sale contracts.  We cannot assure you that we will be successful in
all necessary loans including without limitation the proposed initial
construction loan described above.

We are currently attempting to obtain a non-recourse phase one construction
loan and we can provide no assurance that such a loan will be available at
all or on terms that are suitable to COR.  Further, if we do not obtain
approximately $39,000,000 in total construction loans, we expect that we
will not be able to complete the construction of all the facilities as
proposed.

Factors such as cost overruns, unanticipated expenses and other factors may
require us to seek more loans than we currently estimate to be necessary.  We
cannot project the impact that shortfalls in financing, cost overruns or
unanticipated expenses might have on our plan of operations, but any of these
factors or other factors could defeat our ability to complete the development
as proposed.

Rescission Offer.

COR's registration statement with respect to the Units was originally filed
with the Securities and Exchange Commission on July 18, 2000.  Pursuant to
review and comment by the SEC, it was amended on September 8, 2000 and amended
again on October 18, 2000.  This registration statement became effective on
November 3, 2000.
Page 8
<PAGE>
Applicable Kansas statute requires that any security offered or sold in
Kansas must first be registered with the Kansas Securities Commissioner,
exempt from registration or a federal covered security.  Applicable Missouri
statute requires that any security offered or sold in Missouri must first be
registered with the Missouri Securities Division, exempt from registration
or a federal covered security.  Neither the Common Units nor the Preferred
Units were registered, exempt or federal covered securities.  COR did not
file a registration statement with either the Kansas Securities Commissioner
or the Missouri Securities Division prior to making sales of the Common Units
and Preferred Units in these states.  As such, COR violated both Kansas and
Missouri statutes.

As a result, we expect that during the 60-day period following the date on
which this Report on Form 10-QSB is filed, COR will issue a rescission offer
to all purchasers of Common Units and Preferred Units.  The offer is proposed
to be an offer by COR to all Members to repurchase all Common Units and
Preferred Units for the amount of consideration paid plus interest of fifteen
percent (15%) per year from the date of purchase.    The form of this offer
is currently undetermined, but we anticipate that it will be promissory notes
or cash or a combination of the two.

We expect that the rescission offer will give each Member a 30-day opportunity
to accept the repurchase offer, and that each Member who fails to accept the
offer within that 30-day period will be barred from bringing suit to seek
damages for the failure to register.  We expect to issue a promissory note
and/or cash to each accepting Member within ten (10) days of notification of
acceptance to COR.

Concurrently with the rescission offer, COR proposes to enter consent orders
with each the Kansas Securities Commissioner and the Missouri Securities
Division.  Under these consent orders, we anticipate that COR will pay a total
fine of $10,000 to both the Kansas Securities Commissioner and the Missouri
Securities Division.  This proposed amount represents $1,500 that COR would
have paid to the Kansas Securities Commissioner and $1,000 COR would have
paid to the Missouri Securities Division had the units been registered in
2000, as well as a fine of $7,300 to be split between the Kansas Securities
Commissioner and the Missouri Securities Division.

At this time, it is not possible for COR to determine the specific amount of
Members expected to accept the offer.  If a substantial number of Members
accept the offer, COR may, depending on the terms of the rescission offer, be
required to generate cash on a very short-term basis, and may be required to
obtain a loan to make the required cash payments and/or payments of principal
and interest to Members who have accepted the rescission offer.  COR has not
determined whether its existing debt from the purchase of the land (see Item
5, "Market for Common Equity and Related Stockholder Matters") is or is not
subject to acceleration as a result of the violation of Kansas and Missouri
statutes and/or the rescission offer.  COR is in communication with its lender
regarding these violations and the rescission offer.  To date COR has not
received any indication that the lender believes the loan can accelerated, nor
that the lender will seek acceleration even if available.  However, we can give
no assurance that  the lender will continue to refrain from seeking recourse
available to it, if any.  Further, we can give no assurance that any loan
necessitated by the rescission offer will be available on acceptable terms
to COR.
Page 9
<PAGE>
COR's plan of operations, construction schedule, and ability to maintain
existing financing and obtain new construction loans may be adversely affected
by the statutory violations as well as by the results of the proposed
rescission offer.

ITEM 3. CONTROLS AND PROCEDURES

In response to recent legislation and additional requirements, we reviewed our
internal control structure and our disclosure controls and procedures. As a
result of such review we implemented changes primarily to formalize and
document the procedures. We have designed our disclosure controls and
procedures to ensure that material information related to COR is made known to
the manager serving as our principal executive officer and the manager serving
as our principal financial officer on a regular basis, in particular during
the period in which the quarterly reports are being prepared. As required, we
will evaluate the effectiveness of these disclosure controls and procedures on
a quarterly basis, and did so on approximately May 9, 2003, a date within 90
days prior to the filing of this quarterly report. We believe as of that date,
such controls and procedures are operating effectively as designed.

Based on our most recent evaluation, COR's management concluded that COR's
disclosure controls and procedures are adequate to ensure the clarity and
material completeness of COR's disclosure in its periodic reports required to
be filed with the SEC and there are no significant deficiencies or material
weaknesses in the design or operation of internal controls which could
significantly affect our ability to record, process, summarize and report
financial data.

There were no significant changes in COR's internal controls or in other
factors that could significantly affect these controls subsequent to the
date of their evaluation.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

The Registrant is not currently involved in any legal proceedings other than
seeking approval of site plans and zoning as described above in Item 2,
"Management's Discussion and Analysis or Plan of Operation - Generally," and
the rescission offer process described above in Item 2, "Management's
Discussion and Analysis or Plan of Operation - Rescission Offer."

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. As of March 31, 2003, there have been no sales of
unregistered securities that were not registered under the Securities Act
of 1933.

The following use of proceeds information is being disclosed in
connection with COR's registration statement filed on Form SB-2 with
an effective date of  November 3, 2000, SEC File Number 333-41636.
The offering was commenced on November 6, 2000 but no sales of
securities were made until January 2001.  The offering terminated on
May 7, 2001.
Page 10
<PAGE>
The offering included two classes of securities, Common Units and
Preferred Units. The offering 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.  From January 2001 to the date of the
termination of the offering on May 7, 2001, 254,850 Common Units and 601,416
Preferred Units were sold, which provided proceeds of $8,562,660.  The
offering price was $10.00 per unit for either a Common Unit or a Preferred
Unit. No underwriter was 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:

<TABLE><CAPTION>

TITLE OF EACH                                                  AGGREGATE
REGISTERED       AMOUNT         AGGREGATE         AMOUNT        OFFERING
SECURITY         REGISTERED     OFFERING PRICE    SOLD        PRICE SOLD
<S>		        <C>            <C>                 <C>          <C>

Common Units       1,600,000    $16,000,000       254,850     $2,548,500

Preferred Units    1,600,000    $16,000,000       601,416     $6,014,160
</TABLE>

As of April 3, 2003,  the  issuer  had  outstanding  254,850 common
units and 601,416 preferred units, for a total of 856,266 units, all of
which are voting units.

There has been no market for these units and we currently contemplate
that there will be no public market for the units.  No underwriter was
involved in the above sales.  No underwriting discounts were extended
and no commissions were paid in connection with the above sales. COR has
not declared any dividends on either the Common Units or Preferred Units
during the last two fiscal years or in any subsequent period.  We do not
anticipate that COR will issue any dividends on either the Common Units
or Preferred Units for the foreseeable future.

From the effective date of the registration statement to December 31, 2001,
the net offering proceeds available from the sales of COR Common Units and
Preferred Units, after taking into account the expenses discussed above, was
$8,441,635.40.  The total purchase price of the real estate was $11,256,808,
including closing costs of $29,558.  From the effective date of the
registration statement to December 31, 2001, COR used $5,756,808 from equity
contributions byCOR members and $5,500,000 in proceeds from a bank loan to
purchase thereal estate.  From January through April, 2001, COR used members'
equity contributions to repay a total of $2,150,000 of the bank loan.
COR also invested $280,021.75 in an interest bearing account during
that period.
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<PAGE>
The net offering proceeds available from the sales of COR Common Units
and Preferred Units after taking into account the expenses discussed
above, was $8,441,635.40.  The total purchase price of the real estate
was $11,256,808, including closing costs of $29,558.  To pay the
purchase price, COR used $5,756,808 from equity contributions by COR
members and $5,500,000 in proceeds from a bank loan.  COR subsequently
used members' equity contributions to repay a total of $2,150,000 of
the bank loan and invested $280,021.75 in an interest bearing account.

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.

COR provides the following information for all securities that COR sold within
the past three (3) years without registering the securities under the
Securities Act of 1933:

                                     Total
                         Price       Offering
Date         # Units     per Unit    Price          Buyer

3/31/00          1        $10.00     $10.00       CORnerstone
							        Development, LLC


No underwriter was involved in the above sale.  No underwriting
discounts were extended and no commissions were paid in connection
with the above sale.  The net offering proceeds from the sale were
$10.00 and were used toward COR's working capital needs.

COR has not established any equity compensation plans and we do not
expect that COR will do so in the foreseeable future.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

   There have been no defaults on any indebtedness of Registrant.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

   No matters were submitted to a vote of the holders of the registered
securities during the period covered by this report.

ITEM 5. OTHER INFORMATION.

   Not applicable.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.

   (a) Exhibits - None.  All exhibits have either been previously filed or
are not applicable to the Registrant.

   (b) Reports on Form 8-K - None.

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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 20, 2003                          By:/s/ Robert M. Adams
                                            ---------------------------
                                            Robert M. Adams, Manager of
                                                COR Development, LLC
                                                 SIGNATURE TITLE

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<PAGE>
CERTIFICATIONS

Chief Executive Officer

I, Robert M. Adams, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of COR Development,
LLC;
2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by
this quarterly report;

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined
in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

          a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities,
particularly during the period in which this quarterly report is being
prepared;

          b) evaluated the effectiveness of the registrant's disclosure
controls and procedures as of a date within 90 days prior to the filing date
of this quarterly report (the "Evaluation Date"); and

          c) presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our
evaluation as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent functions):

          a) all significant deficiencies in the design or operation of
internal controls which could adversely affect the registrant's ability to
record, process, summarize and report financial data and have identified for
the registrant's auditors any material weaknesses in internal controls; and

          b) any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant's internal
controls; and

6. The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal
controls subsequent to the date of our most recent evaluation, including any
corrective actions with regard to significant deficiencies and material
weaknesses.


Date: May 20, 2003                          /s/ Robert M. Adams
                                            ---------------------------
                                            Robert M. Adams, Manager
                                            COR Development, LLC
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<PAGE>
Chief Financial Officer

I, Arthur E. Fillmore, II, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of COR Development,
LLC;

2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by
this quarterly report;

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all
material respects the financial condition, results of operations and cash
flows of the registrant as of, and for, the periods presented in this
quarterly report;

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined
in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

          a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities,
particularly during the period in which this quarterly report is being
prepared;

          b) evaluated the effectiveness of the registrant's disclosure
controls and procedures as of a date within 90 days prior to the filing date
of this quarterly report (the "Evaluation Date"); and

          c) presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our
evaluation as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent functions):

          a) all significant deficiencies in the design or operation of
internal controls which could adversely affect the registrant's ability to
record, process, summarize and report financial data and have identified for
the registrant's auditors any material weaknesses in internal controls; and

          b) any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant's internal
controls; and

6. The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal
controls subsequent to the date of our most recent evaluation, including any
corrective actions with regard to significant deficiencies and material
weaknesses.


Date: May 20, 2003                          /s/ Arthur E. Fillmore, II
                                            ---------------------------
                                            Arthur E. Fillmore, II, Manager
                                            COR Development, LLC

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CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

         In connection  with the Quarterly  Report of COR Development, LLC
(the "Company") on Form 10-QSB for the quarterly  period ended September 30,
2002,as filed with the  Securities  and Exchange  Commission  on the date
hereof (the "Report"), the undersigned,  in the capacities and dates indicated
below, hereby certify  pursuant to 18 U.S.C.  Section 1350, as adopted
pursuant to Section 906 of the  Sarbanes-Oxley Act of 2002, that: (1) The
Report fullycomplies with the requirements  of Section 13(a) or 15(d) of the
SecuritiesExchange Act of 1934; and (2) The information contained in the
Report fairlypresents, in all material respects, the financial condition and
results of operations of the Company.


Date: May 20, 2003                          /s/ Robert M. Adams
                                            ---------------------------
                                            Robert M. Adams, Manager
                                            COR Development, LLC


Date: May 20, 2003                          /s/ Arthur E. Fillmore, II
                                            ---------------------------
                                            Arthur E. Fillmore, II, Manager
                                            COR Development, LLC

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