The family of President Trump's son-in-law and adviser, Jared Kushner, announced Wednesday that it had called off negotiations with a Chinese firm to convert an office tower in Manhattan following public scrutiny.

“Kushner Companies is no longer in discussions with Anbang about 666 5th Avenue’s potential redevelopment, and our firms have mutually agreed to end talks regarding the property,” a Kushner Company spokesperson wrote in an emailed statement.

The spokesperson said the company is in "advanced negotiations” with other potential investors.

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Democratic lawmakers had expressed concern that a deal between the China-based Anbang Insurance Group, which has links to the Chinese government, would create a conflict of interest for Jared Kushner, Trump's son-in-law and White House aide.

Five Democratic lawmakers wrote last week to a White House lawyer saying a deal between Anbang and Kushner Cos. would be a "highly troubling transaction,” and asked for more information about the potential deal.

Although Trump's aide stepped down as CEO of Kushner Cos., the Democrats maintained that the deal "if codified, appears to present a clear conflict of interest for Jared Kushner."

“This deal, if executed, would appear to present a clear conflict of interest for Jared Kushner, the son-in-law of President Trump and a senior White House advisor,” they wrote, citing a New York Times report that Anbang chairman Wu Xiaohui and Jared Kushner met shortly after President Trump won the election.

The lawmakers, including Sen. Elizabeth Warren Elizabeth WarrenBiden's fiscal program: What is the likely market impact? Warren, Schumer introduce plan for next president to cancel ,000 in student debt The Hill's 12:30 Report - Presented by Facebook - Don't expect a government check anytime soon MORE (D-Mass.), Sen. Tom Carper Thomas (Tom) Richard CarperDemocrat asks for probe of EPA's use of politically appointed lawyers Overnight Energy: Study links coronavirus mortality to air pollution exposure | Low-income, minority households pay more for utilities: report OVERNIGHT ENERGY: Democrats push resolution to battle climate change, sluggish economy and racial injustice | Senators reach compromise on greenhouse gas amendment stalling energy bill | Trump courts Florida voters with offshore drilling moratorium MORE (D-Del.), and the ranking member of the House Oversight and Government Reform committee, Rep. Elijah Cummings (D-Md.), also mentioned a Bloomberg News report that said Kushner Cos. could make $400 million in the deal. If the deal had gone through, it would’ve been the most expensive deal for a Manhattan building — valued at $2.85 billion, according to the report.

The company has had a hard time making profits on the building, CNN Money reports. Renovating the building with Anbang would’ve been the Kushner family’s attempts to make it more profitable.

The White House did not immediately respond to CNN’s request for comment. Anbang declined to respond to CNN for comment.