In Brief: 02138 Folds, Miami’s Economy Holds

⇒ So much for the triumphant relaunch of Harvard alumni-themed glossy 02138. Only months after acquiring the magazine from Atlantic Media and planning an ambitious redesign, Manhattan Media has decided to fold the publication, FishbowlNY reported on Friday. Think of it as one less thing on Luke Hayman‘s to-do list.

⇒ Even in this troubled economy, Miami is chugging along. As the city giddily anticipates the opening of the Marcel Wanders-designed Agua Spa at the Mondrian South Beach, it’s coping with a shortage of qualified workers to crew “superyachts,” megaships that exceed 100 feet. Today’s Miami Herald notes that, “1,000 motor yachts longer than 80 feet are under construction, a steep jump from the 87 such ships being built 10 years ago.”

⇒ Meanwhile in Miami, the gallery scene keeps growing. The newest addition to the Design District is Wolfgang Roth & Partners Fine Art, an 8,000-square-foot gallery that opened earlier this month above the Luminaire design showroom. The inaugural exhibition features German photographer Horst Wackerbarth‘s portraits of people around the world, all photographed in the presence of a red couch. Visitors can examine the portraits or simply relax in the globe-trotting crimson sofa, something 02138‘s founders could probably use right about now.