UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

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

        Date of Report (Date of earliest event reported): March 24, 2004


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


                                     FLORIDA
                 (State of other jurisdiction of incorporation)


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


         1696 N.E. MIAMI GARDENS DRIVE, NORTH MIAMI BEACH, FLORIDA 33179
                    (Address of principal executive offices)


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


                                 NOT APPLICABLE
          (Former Name or Former Address, if Changed Since Last Report)








ITEM 5.  OTHER EVENTS


     On  February  24,  2004,  Equity One,  Inc.,  a Maryland  corporation  (the
"Company"),  acquired Creekside Plaza in Arlington, Texas and The Village Center
in Southlake,  Texas for aggregate consideration of approximately $31.5 million.
Creekside  Plaza is a 101,016 square foot shopping  center  anchored by a 60,932
square foot Kroger  Signature  supermarket  and contains a Hollywood Video store
and  Washington  Mutual.  The center also  includes  28,384 square feet of local
tenant  space and is  currently  100%  leased.  The Village  Center is a 118,092
square foot shopping center anchored by a 60,932 Kroger  Signature  supermarket.
The balance of the center  consists of 57,160  square feet of local space and is
currently 96% leased.

     The press release issued by Equity One, Inc.  announcing these acquisitions
is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

     (a)  Financial Statements of Business Acquired.
          Not applicable

     (b)  Pro Forma Financial Information.
          Not applicable

     (c)  Exhibits.

          99.1     Press Release of the Company dated March 24, 2004.











                                   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.

Date:  March 25, 2004                    EQUITY ONE, INC.

                                         By: /s/ Chief Executive Officer
                                         ---------------------------------
                                         Chaim Katzman
                                         Chief Executive Officer
                                         EQUITY ONE, INC.





















                                INDEX TO EXHIBITS
                                -----------------




Exhibit Number      Description of Exhibit
--------------      ----------------------
     99.1           Press Release of Equity One, Inc. dated March 24, 2004.