FYI Miami is a weekly feature of Miami Today, keeping readers ahead of the news. Here are highlights from the most current edition.

WATSON UPDATE: City of Miami and Port of Miami officials are close to a lease deal to put cruise ship terminals on Watson Island, said Erdal Donmez, city director of real estate and economic development. Officials Monday discussed parking issues and scheduling for the port's two-phase project, including construction of the first terminal by 2004 and the second by 2007. The next step will be presenting the project to city and county commissions. Port officials had no comment.

NO-PAY PHONES: Ray Flores, area director for BellSouth, says his company is concerned about city enforcement of a new ordinance that requires companies to maintain one low-revenue pay phone for every 10 that generate revenue on city property. He said BellSouth has a disproportionate number of unprofitable phones, including 25 at the Orange Bowl. He said vandalism is also a problem. City officials have said they will work with pay-phone firms to develop criteria. "We're here to help the city," he said. "We just want the same standards for all."

EMERGENCY FUNDS: Miami commissioners Tuesday agreed to set up four special funds for federal money expected in fiscal year 2000-01, including $13.4 million in Community Development Block Grant funds, $4.8 million from Home Investment Partnership, an emergency shelter grant of $451,000 and $10.1 million from Housing Opportunities for Persons with AIDS.

AUDIT REVENUES: In second quarter 1999, the City of Miami's Office of Internal Revenues uncovered $1.7 million in uncollected potential revenues, including $1.6 million the city contends is owed by Miami-Dade County Housing Agency. A city audit found the county was not paying the city 10% of rents collected at public housing projects. City auditors also uncovered a computer error by the county that had cost the city $11,948.

BILTMORE PARKING: Coral Gables Commissioner Dorothy Thomson Tuesday asked fellow city commissioners to look at improving parking at the city-owned Biltmore Hotel. She said the hotel's west lot can't meet demand. "I think," she said, "it would behoove the city and the Biltmore to explore the possibility of erecting a parking garage at the west end parking lot."

NO RESERVATIONS: Coral Gables commissioners Tuesday put off action on a parking variance for Douglas Entrance, 800 Douglas Road. Owners wanted to create 19 parking spaces in case they put a restaurant there, although they deny having plans to do so. William Kerdyk Jr. moved to deny the request. "I can't see how we can give a variance to a fictitious restaurant," he said. Commissioners deferred action.

KING'S PALACE: Burger King Tuesday announced it will use a new building in the Waterford at Blue Lagoon office complex at the intersection of Red Road for its global HQ. Burger King CEO Dennis Malamatinas said the building will offer "updated and modern infrastructure with more functionality and lower total occupancy costs than our existing building." He said the site came to the attention of company officials "rather recently." The 210,000- to 230,000-square-foot building — which is in both enterprise and empowerment zones — will carry the signature of Burger King World Headquarters and should be ready for occupancy in July 2002. The company's lease at 17777 Old Cutler Road expires in September that year.

BOOKLESS: Owners of the John M. Stabile Building, 296 Aragon Ave., are looking for a new tenant when the current lease held by Books & Books bookstore expires Nov. 30. The 5,000-square-foot building, built in 1924, was declared a historic property in 1984. Details: Debrah Bennett, Kerdyk Real Estate, (305) 446-2586.

AT THE SHOPS: An 8,600-square-foot Tropico restaurant will open this fall at Shops at Sunset Place in space vacated by Sweet Donna's Country Store Restaurant & Bakery.

ROYAL ADDITION: A 10,500-square-foot addition to Pointe Royal Shopping Center on US 1 at 191st Street in Cutler Ridge is complete, says Doron Valero, senior vice president and COO of Equity One. The annex, which replaces a two-story office building destroyed by Hurricane Andrew, is 100% pre-leased. Tenants are Car Toys Auto Sound & Security, Drip Off Cleaners, Kenneth David Apparel, Homestead Wireless and an armed forces recruiting center. Details: (305) 947-1664.

PONCE SALES: Benra Corp. bought a 2,145-square-foot commercial building on 2,500 square feet at 1923 Ponce de Leon Blvd. for $400,000, or $186.50 a square foot. Ileana Cabrera-Rodriguez Insurance Agency paid $440,000, or $230 a square foot, for a 1,915-square-foot building on a 2,500-square-foot lot next door at 1925 Ponce. Barbara Tria of Kerdyk Real Estate negotiated both deals.

BAY HARBOR CONDO: The sales center has opened at Bay Harbor 101, a 15-story, 52-unit condominium planned for 1101 101st St. by developer Ricardo Cruz, says Edgardo Defortuna, president of Fortune International Realty, which is handling sales.