NeueHouse, the upscale coworking and members club with locations in New York and Los Angeles, abruptly announced it will shut down this Friday and file for Chapter 7 bankruptcy. The company, known for its stylish spaces and celebrity clientele, cited “legacy liabilities” as the reason for closure. Its three sites, including Manhattan’s 50,000 square foot Flatiron hub, will cease operations, leaving landlords and members in limbo. Founded with backing from high profile investors and once positioned as a premium alternative to WeWork, NeueHouse had raised $30 million in 2018 but ultimately could not overcome financial pressures, particularly following the recent death of cofounder Joshua Abram.