Kushner Companies, the real estate firm headed by President Donald Trump's son-in-law until recently, said on Wednesday it ended talks to redevelop its flagship New York office tower with China's Anbang Insurance Group.
Talks had centered on Anbang providing as much as half of $2.5 billion in equity for the planned redevelopment of 666 Fifth Avenue in Midtown Manhattan, a media report said last
The failed talks are the latest twist in a story that initially involved Jared Kushner, who is married to Trump's daughter Ivanka, before he sold his interest in Kushner Cos to a family trust at the beginning of the year.
Three Democratic lawmakers questioned the White House earlier this month over its handling of potential conflicts of interest by Kushner, given his role as a top adviser to Trump.
"Kushner Companies is no longer in discussions with Anbang about 666 Fifth Avenue's potential redevelopment, and our firms have mutually agreed to end talks regarding the property," a spokesman said in a statement.
An Anbang representative declined to comment.