In Blackadar's Operator Algebras, there is the following remark after the proposition II.3.3.1 :
The projections in a C*-algebra do not form a lattice in general
In the answer of this question, it is said that:
If you restrict $\leq$ to the set of self-adjoint projections in $A$, you do get a lattice, which is isomorphic to the lattice of closed subspaces of $\mathbb{C}^2$. The supremum of $a$ and $b$ in this lattice is $I$ and the infimum of $a$ and $b$ is $0$.
Does this statement really holds? And if this is the case, can we also prove that it is a continuous lattice?
Recall that a continuous lattice is a complete lattice $L$ in which every element $y$ is equal to $\bigvee \{x \in D \mid x \ll y\}$ where $x \ll y$ ("x approximates y" or "x way below y") if for any directed set $D \subseteq P$, $y \leq \bigvee D$ implies that there is a $d \in D$ such that $x \leq d$
EDIT: Given Martin Argerami's answer, I'm now wondering if projections of an arbitrary von Neumann algebra form a continuous lattice.