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Equity One to Start Construction of The Gallery at Westbury Plaza in 2011

Equity One, Inc. (NYSE:EQY), an owner, developer, and operator of shopping centers, announced today that the Town of Hempstead has approved the site plan for The Gallery at Westbury Plaza, a 330,000 square foot retail center located on Old Country Road in the heart of Nassau County, New York.

Construction will commence in 2011 with a grand opening expected in Fall 2012. The Gallery at Westbury Plaza will be developed on a site located adjacent to Westbury Plaza, a 400,000 square foot center Equity One acquired in November 2009.

“We are very pleased to have these approvals in hand,” said Jeff Olson, Chief Executive Officer of Equity One. “We were able to complete our approval process 12 months after acquiring this remarkable site, a testament to our company’s commitment to this project, the strength of our plan, and the responsiveness of the elected officials and government agencies. The Gallery at Westbury Plaza will be one of the premier shopping centers in the country and we look forward to continuing our work with the Town, our tenants, and the community as we start construction on this exciting project.”


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