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): September 22, 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 September 22, 2003,  Equity One, Inc., a Maryland  corporation  ("Equity
One"), entered into an underwriting  agreement,  attached as Exhibit 1.1 hereto,
with Legg Mason Wood Walker,  Incorporated and McDonald Investments Inc., as the
underwriters,  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  statements  on Form S-3  (Registration  Nos.
333-81216 and 333-106909) and were offered to the public at $17.32 per share.

     A copy of the press  release  issued by Equity One on  September  22,  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 September  22, 2003 among
               Equity One,  Legg Mason Wood  Walker,  Incorporated  and McDonald
               Investments Inc.

          5.1  Opinion of Venable LLP.

          23.1 Consent of Venable LLP (included in Exhibit 5.1 hereto).

          99.1 Press Release, dated September 22, 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:  September 23, 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 September 22, 2003
                      among Equity One, Inc., Legg Mason Wood Walker,
                      Incorporated and McDonald Investments Inc.

      5.1             Opinion of Venable LLP

      99.1            Press Release, dated September 22, 2003, of
                      Equity One, Inc.














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