Turnberry lot up for sale

According to Socketsite, Turnberry is shopping their lot at 45 Lancing. The ritzy builder, famous for its projects The Residences at MGM Grand in Las Vegas and Fontainebleau in Miami Beach, said in September 2006

"We have big plans for California overall, and San Francisco fits our model. We like world-class cities and San Francisco is certainly one of them."

So either San Francisco is no longer a world-class city, or Turnberry is no longer a world-class builder. Which do you think it is?

The implications: likely no new building at 45 Lansing for 5-10 years, and extremely low odds that once developed it will be the uberluxury product Turnberry (and neighbors) had envisioned.

For those of you looking forward to the ultra-luxurious finishes Turnberry was promising, you'll have to settle for the opulence of Russian Hill and Pacific Heights instead.