SECURITIES AND EXCHANGE COMMISSION
                      WASHINGTON, DC 20549

                          FORM 10-QSB

     [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
                SECURITIES EXCHANGE ACT OF 1934

         For the quarterly period ended March 31, 2007

     [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
                SECURITIES EXCHANGE ACT OF 1934

    For the transition period from            to

                Commission file number 000-52481


                    SKYVIEW DEVELOPMENT CORP.
(Exact name of Small Business Issuer as Specified in its Charter)

Delaware                                                 35-2287661
(State or other jurisdiction                    (I.R.S. Employer
of incorporation or                                 Identification
organization)                                              Number)

                       68 Skyview Terrace
                    Clifton, New Jersey 07011
            (Address of Principal Executive Offices)

                         (973) 523-0835
        (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 Exchange Act 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   [      ]

Indicate by check mark whether the Issuer is a shell company  (as
defined by Rule 12b-2 of the Exchange Act).

                 Yes   [  X   ]     No    [     ]

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

Common, $.00001 par value per share: 5,000,000 outstanding as of
May 1, 2007

<PAGE>


                 PART I - FINANCIAL INFORMATION



                   SKYVIEW DEVELOPMENT CORP.


                 Index to Financial Information
                  Period Ended March 31, 2007


     Item
                                                  Page

     Item 1 -  Financial Statements:

     Balance Sheet                                 4

     Statement of Operations                       5

     Statement of Shareholders' Deficiency         6

     Statement of Cash Flows                       7

     Notes to Financial Statements                 8


     Item 2 -  Management's Discussion and
               Analysis or Plan of Operation       10

     Item 3 -  Controls and Procedures             11


<PAGE>


                             PART I



                      FINANCIAL INFORMATION



ITEM 1: FINANCIAL STATEMENTS



The financial statements of Skyview Development Corp. (the
"Company"), included herein were prepared, without audit,
pursuant to rules and regulations of the Securities and Exchange
Commission. Because certain information and notes normally
included in financial statements prepared in accordance with
accounting principles generally accepted in the United States of
America were condensed or omitted pursuant to such rules and
regulations, these financial statements should be read in
conjunction with the financial statements and notes thereto
included in the audited financial statements of the Company as
included in the Company's Form 10-SB for the period ended January
31, 2007.


<PAGE>

                            SKYVIEW DEVELOPMENT CORP.
                          (A DEVELOPMENT STAGE COMPANY)

                                  BALANCE SHEET
                           MARCH 31, 2007 (UNAUDITED)
--------------------------------------------------------------------------------

                             ASSETS

Current assets:

Cash and equivalents                                                $       132
                                                                    -----------
      Total Assets                                                  $       132
                                                                    ===========

            LIABILITIES AND SHAREHOLDERS' DEFICIENCY

Current liabilities:

Accrued liabilities                                                 $       500
Due to officer/shareholder                                                4,754
                                                                    -----------
      Total Liabilities                                                   5,254
                                                                    ===========

Shareholders' Deficiency:
Preferred Stock, $0.00001 par value,
2,500,000 shares authorized
None issued and outstanding
Common Stock, $0.00001 par value,
100,000,000 shares authorized
5,000,000 issued and outstanding                                             50

Deficit                                                                  (5,172)
                                                                    -----------
                                                                         (5,122)
                                                                    -----------
      Total Liabilities and Shareholders' Deficiency                $       132
                                                                    ===========

                 SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS



<PAGE>

                            SKYVIEW DEVELOPMENT CORP.
                          (A DEVELOPMENT STAGE COMPANY)

                             STATEMENT OF OPERATIONS
            FOR THE PERIOD ENDED JANUARY 11, 2007 (INCEPTION) THROUGH
                           MARCH 31, 2007 (UNAUDITED)
--------------------------------------------------------------------------------

REVENUE:                                                            $         -

EXPENSES:

Professional fees                                                         4,833
Organization expense                                                        339
                                                                    -----------
Net Loss                                                            $    (5,172)
                                                                    ===========
Basic and diluted net loss per share                                $         -
                                                                    ===========
Weighted average shares used in calculating
Basic and diluted net loss per share                                  5,000,000
                                                                    ===========

                 SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS



<PAGE>

                            SKYVIEW DEVELOPMENT CORP.
                          (A DEVELOPMENT STAGE COMPANY)

                      STATEMENT OF SHAREHOLDERS' DEFICIENCY
 FOR THE PERIOD JANUARY 11, 2007 (INCEPTION) THROUGH MARCH 31, 2007 (UNAUDITED)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                           Number
                                           Shares       Stock      Deficit       Total
                                          ---------   ---------   ---------    ---------
<S>                                       <C>         <C>         <C>          <C>
Balance at January 11, 2007 (Inception)           -   $       -   $       -    $       -

Net Loss for the period                           -           -      (5,172)      (5,172)

Shares Issued for cash                    5,000,000          50           -           50
                                          ---------   ---------   ---------    ---------
Balance at March 31, 2007                 5,000,000   $      50   $  (5,172)   $  (5,122)
                                          =========   =========   =========    =========
</TABLE>

                 SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS



<PAGE>

                            SKYVIEW DEVELOPMENT CORP.
                          (A DEVELOPMENT STAGE COMPANY)

                             STATEMENT OF CASH FLOWS
      FROM JANUARY 11, 2007 (INCEPTION) THROUGH MARCH 31, 2007 (UNAUDITED)
--------------------------------------------------------------------------------

CASH FLOWS FROM OPERATING ACTIVITIES:

    Net loss                                        $      (5,172)
    Increase in accrued liabilities                           500
                                                    -------------
        Net cash used in operations                        (4,672)
Cash Flows from Financing Activities:
        Officer /shareholder loans                          4,754
        Proceeds from issuance of common stock                 50
                                                    -------------
Net increase in cash                                        4,804
Cash-Beginning of period                                        -
                                                    -------------
Cash-End of period                                  $         132
                                                    =============
Supplemental Disclosure of Cash Flow Information:
        Taxes paid                                  $           -
                                                    =============
        Interest paid                               $           -
                                                    =============

                 SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS



<PAGE>

                            SKYVIEW DEVELOPMENT CORP.
                          (A DEVELOPMENT STAGE COMPANY)

                        NOTES TO THE FINANCIAL STATEMENTS
                           MARCH 31, 2007 (UNAUDITED)
--------------------------------------------------------------------------------

NOTE 1 - ACCOUNTING POLICIES AND OPERATIONS

ORGANIZATION

Skyview  Development  Corp. (the "Company"),  a development  stage company,  was
incorporated in Delaware on January 11, 2007. At March 31, 2007, the Company had
not yet  commenced  any formal  business  operations  and all  activity  to date
related to the Company formation, capital stock issuance, professional fees with
regard  to  a  proposed   Securities   and   Exchange   Commission   filing  and
identification of businesses. The Company's fiscal year ends on December 31st.

CASH AND CASH EQUIVALENTS

The  Company   considers  all  highly  liquid  debt  instruments  with  original
maturities of three months or less to be cash equivalents.

EARNINGS PER SHARE

The  Company  computes  earnings  per  share in  accordance  with  Statement  of
Accounting  Standards No. 128,  "Earnings per Share ("SFAS No. 128").  Under the
provisions of SFAS No. 128, basic earnings per share is computed by dividing the
net income (loss) for the period by the weighted average number of common shares
outstanding  during  the  period.  Diluted  earnings  per share is  computed  by
dividing the net income (loss) for the period by the weighted  average number of
common and  potentially  dilutive common shares  outstanding  during the period.
There were no potentially dilutive common shares outstanding during the period.

USE OF ESTIMATES

The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States of America requires  management to make
estimates and assumptions  that affect certain reported amounts and disclosures.
Accordingly, actual results could differ from those estimates.

INCOME TAXES

The Company  accounts for income taxes in accordance with Statement of Financial
Accounting Standards No. 109, "Accounting for Income Taxes." Under the asset and
liability  method of  Statement  109,  deferred tax assets and  liabilities  are
recognized for the estimated future tax consequences attributable to differences
between  the  financial  statement  carrying  amounts  of  existing  assets  and
liabilities and their respective tax bases.  Deferred tax assets and liabilities
are  measured  using  enacted  tax rates in effect  for the year in which  those
temporary differences are expected to be recovered or settled.

INTERIM FINANCIAL INFORMATION

The interim  financial  statements of Skyview  Development  Corp. are unaudited.
However,   in  the  opinion  of  management,   the  interim  data  includes  all
adjustments,  consisting of only normal recurring  adjustments,  necessary for a
fair  presentation  of the  results  for the  interim  period.  The  results  of
operations for the period ended March 31, 2007 are not necessarily indicative of
the operating results for the entire year.


<PAGE>

                            SKYVIEW DEVELOPMENT CORP.
                          (A DEVELOPMENT STAGE COMPANY)

                        NOTES TO THE FINANCIAL STATEMENTS
                           MARCH 31, 2007 (UNAUDITED)
--------------------------------------------------------------------------------

FAIR VALUE OF FINANCIAL INSTRUMENTS

The  Company  considers  that the  carrying  amount  of  financial  instruments,
including accrued liabilities and due to  officer/shareholder  approximates fair
value because of the short maturity of these instruments.

RECENT ACCOUNTING PRONOUNCEMENTS

The Company does not expect the adoption of recent accounting  pronouncements to
have a material impact on its financial condition or results of operations.

GOING CONCERN

The  accompanying  financial  statements  have been  prepared  assuming that the
Company will continue as a going concern which  contemplates  the realization of
assets and the satisfaction of liabilities in the normal course of business. The
assets and the satisfaction of liabilities in the normal course of business. The
amounts of assets and liabilities in the financial  statements do not purport to
represent realizable or settlement values.  However, the Company has incurred an
operating loss. Such loss may impair its ability to obtain additional financing.

This factor raises  substantial doubt about the Company's ability to continue as
a going concern.  The financial  statements do not include any adjustments  that
might  result  from the  outcome of this  uncertainty.  The  Company has met its
historical  working capital  requirements from sale of common shares.  Owners of
the shares,  in order not to burden the Company,  have agreed to provide funding
to the  Company  to pay its annual  audit  fees and filing  costs as long as the
board of directors deems it necessary.  However,  there can be no assurance that
such  financial  support  shall be ongoing or available  on terms or  conditions
acceptable to the Company.

NOTE 2 - SHAREHOLDERS' EQUITY

On January 11, 2007, the Company issued  5,000,000  shares of common stock,  par
value  $0.00001 per share,  to its initial  shareholders  in exchange for $50 in
cash.

NOTE 3 - RELATED PARTY TRANSACTIONS

At March 31,  2007 a  shareholder/officer  has  provided  funding to pay for the
initial operating expenses of the Company.

NOTE 4 - DUE TO SHAREHOLDER

Amounts due to shareholder are  non-interest  bearing and have no definite terms
of repayment.



<PAGE>


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

     The following should be read in conjunction with our
financial statements and the related notes thereto contained
elsewhere in this Form 10-QSB.

Forward-Looking Statements

     This discussion contains forward-looking statements that
involve risks and uncertainties. All statements regarding future
events, our future financial performance and operating results,
our business strategy and our financing plans are forward-looking
statements. In many cases, you can identify forward-looking
statements by terminology, such as "may", "should", "expects",
"intends", "plans", "anticipates", "believes", "estimates",
"predicts", "potential" or "continue" or the negative of such
terms and other comparable terminology. These statements are only
predictions. Known and unknown risks, uncertainties and other
factors could cause our actual results to differ materially from
those projected in any forward-looking statements.  We do not
intend to update these forward-looking statements.

Plan of Operation

     Skyview Development Corp., a Delaware corporation ("we",
"us", "our" or the "Company"), was organized as a vehicle to
investigate and, if such investigation warrants, acquire a target
company or business seeking the perceived advantages of being a
publicly held corporation.  Our principal business objective for
the next 12 months and beyond such time will be to achieve long-
term growth potential through a combination with a business
rather than immediate, short-term earnings.  We will not restrict
our potential candidate target companies to any specific
business, industry or geographical location and, thus, may
acquire any type of business.

     During the next 12 months we anticipate incurring costs
related to: (i) filing of Exchange Act reports, and (ii) costs
relating to consummating an acquisition.  We believe we will be
able to meet these costs through use of funds in our treasury,
through deferral of fees by certain service providers and
additional amounts, as necessary, to be loaned to or invested in
us by our stockholders, management or other investors.  Our sole
officer and director has agreed to provide funding to the Company
to pay its annual audit fees and filing costs as long as the
Board of Directors deems it necessary. However, there can be no
assurance that such financial support shall be ongoing or
available on terms or conditions acceptable to the Company.

     The Company may consider a business which has recently
commenced operations, is a developing company in need of
additional funds for expansion into new products or markets, is
seeking to develop a new product or service, or is an established
business which may be experiencing financial or operating
difficulties and is in need of additional capital.  In the
alternative, a business combination may involve the acquisition
of, or merger with, a company which does not need substantial
additional capital, but which desires to establish a public
trading market for its shares, while avoiding, among other
things, the time delays, significant expense, and loss of voting
control which may occur in a public offering.

     Our management anticipates that we will likely be able to
effect only one business combination, due primarily to our
limited financing, and the dilution of interest for present and
prospective stockholders, which is likely to occur as a result of
our management's plan to offer a controlling interest to a target
business in order to achieve a tax-free reorganization.

     Because we currently do not have any business operations,
we have not had any revenues since January 11, 2007 (inception)
to March 31, 2007.  Total expenses for the period ended March 31,
2007 were $5,172.  These expenses consisted primarily of
organizational and professional fees.  The Company incurred a net
loss of $5,172 for the period from January 11, 2007 (inception)
to March 31, 2007.   It is unlikely that we will have any
revenues unless we are able to effect a business combination, of
which there can be no assurance.   At March 31, 2007, we had
total assets of $132, total liabilities of $5,254 and a working
capital deficit of $5,122.

Off-Balance Sheet Arrangements

     We are not currently a party to, or otherwise involved with,
any off-balance sheet arrangements that have or are reasonably
likely to have a current or future material effect on our
financial condition, changes in financial condition, revenues or
expenses, results of operations, liquidity, capital expenditures
or capital resources.

<PAGE>

Item 3.   Controls and Procedures.

     The Company's Principal Executive Officer and Principal
Financial Officer has evaluated the Company's disclosure controls
and procedures as of the end of the period covered by this
report.  Based upon that evaluation, such officer has concluded
that, as of March 31, 2007, these disclosure controls and
procedures were effective to ensure that all information required
to  be disclosed by us in the reports that we file or submit
under the Exchange Act is: (i) recorded, processed, summarized
and reported, within the time periods specified in the
Commission's rule and forms; and (ii) accumulated and
communicated to our management, including our Principal Executive
Officer and Principal Financial Officer, as appropriate to allow
timely decisions regarding required disclosure.

     There have been no significant changes in our internal
controls over financial reporting that occurred during the fiscal
quarter covered by this report that have materially affected, or
are reasonably likely to materially affect, our internal control
over financial reporting.



PART II - OTHER INFORMATION

Item 1.  Legal Proceedings.

     There are no material pending legal proceedings to which the
Company is a party or to which any of its property is subject.


Item 2.  Unregistered Sales of Equity Securities and Use of
         Proceeds.

     On January 12, 2007, we issued 2,500,000 shares of our
Common Stock to Donald R. McKelvey for cash consideration of
$.00001 per share, and 2,500,000 shares of our Common Stock to
David M. Kaye for cash consideration of $.00001 per share, for an
aggregate investment of $25.00 each. We sold these shares of our
Common Stock under the exemption from registration provided by
Section 4(2) of the Securities Act.


Item 3.  Defaults Upon Senior Securities.

     None.


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

     None.


Item 5.  Other Information.

          None.


Item 6.  Exhibits.

          31.1 Certification of Principal Executive Officer
          pursuant to Section 302 of the Sarbanes-Oxley Act of
          2002 (Rules 13a-14 and 15d-14 of the Exchange Act)
          31.2 Certification of Principal Financial Officer
          pursuant to Section 302 of the Sarbanes-Oxley Act of
          2002 (Rules 13a-14 and 15d-14 of the Exchange Act)
          32.1 Certification pursuant to Section 906 of the
          Sarbanes-Oxley Act of 2002 (18 U.S.C. 1350)


<PAGE>
                           SIGNATURES

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


                                   SKYVIEW DEVELOPMENT CORP.
                                   (Registrant)



Dated: May 15, 2007             By: /s/ Donald R. McKelvey
                                Donald R. McKelvey, President,
                                (Principal Executive Officer and
                                Principal Accounting and Financial
                                Officer)