With the lease for the SoMa McDonald’s at Third and Townsend expiring in January 2017, San Francisco’s Planning Commission is now slated to approve the plans for an eleven-story hotel to rise on the 701 3rd Street site early next month.

As proposed by Stonebridge Companies, a Colorado-based hotel development and management company, and designed by Stanton Architecture, the 105-foot-tall building would yield 230 hotel rooms and 2,000 square feet of retail space on the corner, with an underground garage for 14 cars.