Equity One (EQY) 8-K Changes in Registrant.s Certifying Accountant

Exhibit 16.1

Deloitte & Touche LLP

Certified Public Accountants

Suite 400

200 South Biscayne Boulevard

Miami, FL 33131-2310

USA

Tel: +1 305 372 3100

Fax: +1 305 372 3160

www.deloitte.com

May 23, 2005

Securities and Exchange Commission

Mail Stop 11-3

450 5th Street, N.W.

Washington, D.C. 20549

Dear Sirs/Madams:

We have read Item 4.01of Equity One, Inc.’s Form 8-K dated May 23, 2005, and have the following comments:

1. We agree with the statements made in the first, third, fourth, fifth and sixth paragraph.

2. We have no basis on which to agree or disagree with the statement made in the second paragraph.

Yours truly,

Deloitte & Touche LLP