SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                              ---------------------


                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                       SECURITIES AND EXCHANGE ACT OF 1934


         Date of Report (Date of earliest event reported): May 13, 2003


                                EQUITY ONE, INC.
             (Exact name of registrant as specified in its charter)

                                    Maryland
                 (State or other jurisdiction of incorporation)


              001-13499                               52-1794271
       (Commission File Number)          (I.R.S. Employer Identification No.)


        1696 NE Miami Gardens Drive
         North Miami Beach, Florida                     33179
   (Address of principal executive offices)           (Zip Code)


                                 (305) 947-1664
              (Registrant's telephone number, including area code)

                                 Not Applicable
          (Former name or former address, if changed since last report)







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Item 5. Other Events.

     On May 13, 2003, Equity One, Inc., a Maryland corporation,  entered into an
underwriting  agreement,  attached  as Exhibit 1.1 hereto,  with  Deutsche  Bank
Securities  Inc.,  as the  underwriter,  with  respect  to the issue and sale by
Equity One of  3,000,000  shares of its common stock in an  underwritten  public
offering.  Equity One has  granted the  underwriter  an option to purchase up to
450,000 additional shares of common stock to cover  over-allotments.  The shares
of common stock were  registered  under the  Securities Act of 1933, as amended,
pursuant to Equity One's shelf registration  statement on Form S-3 (Registration
No. 333-81216) and were offered to the public at $16.42 per share.

     A copy of the press release issued by Equity One on May 13, 2003 announcing
the public  offering  is attached  as Exhibit  99.1  hereto and is  incorporated
herein by reference.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

     (c) Exhibits.

          1.1  * Underwriting  Agreement dated as of May 13, 2003 between Equity
               One and Deutsche Bank Securities Inc.

          5.1  Opinion of Venable, Baetjer and Howard, LLP.

          23.1 Consent of Venable,  Baetjer and Howard, LLP (included in Exhibit
               5.1 hereto).

          99.1 Press Release, dated May 13, 2003, of Equity One, Inc.

     --------------------------------

     * Equity  One  hereby  agrees to furnish  to the  Securities  and  Exchange
     Commission,  supplementally,  any  schedules or exhibits to such  agreement
     which  are not filed  herewith,  upon the  request  of the  Securities  and
     Exchange Commission.




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                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, Equity
One has duly caused  this  report to be signed on its behalf by the  undersigned
hereunto duly authorized.

                                       EQUITY ONE, INC.


Date: May 15, 2003                     By: /s/ Howard M. Sipzner
                                       --------------------------------
                                       Howard M. Sipzner
                                       Chief Financial Officer



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                                INDEX TO EXHIBITS


Exhibit Number      Description of Exhibit
- --------------      ----------------------

     1.1            Underwriting  Agreement  dated as of May 13, 2003 between
                    Equity One, Inc. and Deutsche Bank Securities Inc.

     5.1            Opinion of Venable, Baetjer and Howard, LLP

     99.1           Press Release, dated May 13, 2003, of Equity One, Inc.




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