WeWork, for a while the symbol of co-working and perhaps the future of work, famously entered in Chapter 11 bankruptcy proceedings late last year, but may now be on a better path. 

 The company has found a new location for its headquarters and plans to emerge from the bankruptcy, reports Bisnow.

 The company had previously leased space for its coworking operations at 18 W. 18th Street in the Union Square neighborhood of New York reported Bisnow. The location will now also house the company’s headquarters. 

 "WeWork’s corporate headquarters has been housed at Tower 49 at 12 E. 49th St. in Midtown Manhattan. The company's lease at the building also covered one of its largest coworking locations, with 300K SF and 2,800 members.” That lease is being terminated, reports Bisnow. 

Also last month, WeWork unveiled its plan to exit bankruptcy, under which property management software provider Yardi Systems would become its majority owner. The plan is expected to be decided at a hearing scheduled for May 30, meaning WeWork could emerge from bankruptcy in the coming days, according to the article.