Exhibit
21.1





LIST
OF SUBSIDIARIES OF EQUITY ONE, INC.





Below is
a list of the direct and indirect subsidiaries of Equity One, Inc., a Maryland
corporation, and the corresponding states of organization:





Name of Entity
                                                                          State of OrganizationBoca
      Village Square, Inc.
                                                                          
                                                                          FloridaBoca
      Village Square, Ltd.
                                                                          
                                                                          FloridaBoynton
      Plaza Shopping Center, Inc.
                                                                          
                                                                          FloridaCashmere
      Developments, Inc. *
                                                                          
                                                                          FloridaCentrefund
      (US), LLC *
                                                                          
                                                                          DelawareCDG
      Park Place LLC (1)
                                                                          
                                                                          TexasCentrefund
      Development Group LLC (1)
                                                                          
                                                                          DelawareCentrefund
      Realty (U.S.) Corporation *
                                                                          
                                                                          DelawareDolphin
      Village Partners, LLC
                                                                          
                                                                          FloridaEquity
      (Park Promenade) Inc.
                                                                          
                                                                          TexasEquity
      One (Alafaya Village) Inc.
                                                                          
                                                                          FloridaEquity
      One (Andros) Inc.
                                                                          
                                                                          FloridaEquity
      One (Belfair) Inc.
                                                                          
                                                                          South
      CarolinaEquity
      One (Bridgemill) Inc.
                                                                          
                                                                          GeorgiaEquity
      One (Buckhead Manager) Inc.
                                                                          
                                                                          GeorgiaEquity
      One (Buckhead Station) LLC
                                                                          
                                                                          GeorgiaEquity
      One (Commonwealth) Inc. *
                                                                          
                                                                          FloridaEquity
      One (Delta) Inc. *
                                                                          
                                                                          FloridaEquity
      One (Florida Portfolio) Inc. *
                                                                          
                                                                          FloridaEquity
      One (Forest Village) Inc.
                                                                          
                                                                          FloridaEquity
      One (Lake Mary) Inc.
                                                                          
                                                                          FloridaEquity
      One (Louisiana Portfolio) LLC *
                                                                          
                                                                          FloridaEquity
      One (Mariner) Inc.
                                                                          
                                                                          FloridaEquity
      One (Midpoint) Inc.
                                                                          
                                                                          FloridaEquity
      One (North Port) Inc. *
                                                                          
                                                                          FloridaEquity
      One (Northeast Portfolio) Inc. *
                                                                          
                                                                          MassachusettsEquity
      One (Pine Island) Inc.
                                                                          
                                                                          FloridaEquity
      One (Point Royale) Inc. *
                                                                          
                                                                          FloridaEquity
      One (Presidential Markets) Inc.
                                                                          
                                                                          GeorgiaEquity
      One (Shoppes of Sunset) LLC
                                                                          
                                                                          FloridaEquity
      One (Sky Lake) Inc. *
                                                                          
                                                                          FloridaEquity
      One (Southeast Portfolio) Inc. *
                                                                          
                                                                          GeorgiaEquity
      One (Southpoint) Inc.
                                                                          
                                                                          FloridaEquity
      One (Sparkleberry Kohl’s) Inc.
                                                                          
                                                                          South
      CarolinaEquity
      One (Sparkleberry Kroger) Inc.
                                                                          
                                                                          South
      CarolinaEquity
      One (Summerlin) Inc. *
                                                                          
                                                                          FloridaEquity
      One (Sunlake) Inc. *
                                                                          
                                                                          FloridaEquity
      One (Walden Woods) Inc. *
                                                                          
                                                                          FloridaEquity
      One (Webster) Inc.
                                                                          
                                                                          MassachusettsEquity
      One (Westport) Inc.
                                                                          
                                                                          FloridaEquity
      One Acquisition Corp. *
                                                                          
                                                                          FloridaEquity
      One Realty & Management FL, Inc. *
                                                                          
                                                                          FloridaEquity
      One Realty & Management NE, Inc. *
                                                                          
                                                                          MassachusettsEquity
      One Realty & Management SE, Inc. *
                                                                          
                                                                          GeorgiaEquity
      One Realty & Management Texas, Inc. *
                                                                          
                                                                          TexasEQY
      Portfolio Investor (GRI) Inc.
                                                                          
                                                                          FloridaEQY
      Realty & Management (GRI) Inc.
                                                                          
                                                                          Florida







EQY
      Realty & Management Texas, LP
                
                TexasEQY
      Realty & Management Texas GP LLC
                
                FloridaEQY
      (Southwest Portfolio) Inc. *
                
                TexasGazit
      (Meridian) Inc. *
                
                FloridaIRT
      Alabama, Inc. *
                
                AlabamaIRT
      Capital Corporation II *
                
                GeorgiaIRT
      Coral Springs, LLC
                
                DelawareIRT
      MacLand Pointe, LLC
                
                DelawareIRT
      Management Company *
                
                GeorgiaIRT
      Parkwest Crossing, LLC
                
                North
      CarolinaIRT
      Partners L.P. *
                
                GeorgiaLouisiana
      Holding Corp. *
                
                FloridaMarco
      Town Center, Inc.
                
                FloridaParcel
      F, LLC *
                
                FloridaProsperity
      Shopping Center Corp. *
                
                FloridaSawgrass
      Promenade, Inc.
                
                FloridaShoppes
      at Jonathan’s Landing, Inc. *
                
                FloridaSkipper
      Palms Properties, Inc.
                
                FloridaSoutheast
      U.S. Holdings B.V.
                
                The
      NetherlandsSoutheast
      U.S. Holdings Inc. *
                
                FloridaSunlake
      – Equity One LLC (2)
                
                DelawareThe
      Bluffs Shopping Center Corporation
                
                FloridaThe
      Meadows Shopping Center, LLC *
                
                FloridaThe
      Shoppes of Eastwood, LLC *
                
                FloridaThe
      Shoppes of Ibis, LLC
                
                FloridaThe
      Shoppes of North Port, Ltd.
                
                FloridaTurkey
      Lake Shopping Center, Inc.
                
                FloridaUIRT
      - Lake St. Charles, L.L.C.
                
                FloridaUIRT
      - Rosemeade, Inc.
                
                TexasUIRT
      - Skipper Palms, L.L.C.
                
                FloridaWalden
      Woods Village, Ltd.
                
                FloridaWest
      Hills Shopping Center, Inc.
                
                Florida





(1)
            CDG
      Park Place LLC is 100% owned by Centrefund Development Group LLC which is
      50% indirectly owned by Equity One,
Inc.


(2)
            Equity
      One, Inc. owns a 60% membership interest in Sunlake – Equity One
      LLC





*Guarantors