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                                                                      EXHIBIT 23




                       CONSENT OF INDEPENDENT ACCOUNTANTS



We hereby consent to the incorporation by reference in the Prospectus
constituting part of the Registration Statement on Form S-3 (No. 333-37067) of
Developers Diversified Realty Corporation of our reports dated July 28, 1997 and
October 7, 1997 relating to the financial statements of Cooks Corner and Spring
Creek Centre, which appears on pages F-2 and F-5, respectively, of the current
report on Form 8-K of Developers Diversified Realty Corporation dated November
7, 1997.





PRICE WATERHOUSE LLP
Cleveland, Ohio
November 7, 1997





                                      F-22