Plans to demolish the building on the corner of Folsom and Rausch along with the adjacent parking lot behind have quietly been submitted to San Francisco’s Planning Department along with designs to build a six story SoMa building with 128 new residential units, 5,500 square feet of ground floor commercial space, and 85 parking spaces on the site. As proposed, the development at 1140 Folsom Street would rise up to four stories and forty feet high along Rausch Street, up to 65 feet and six stories high along Folsom.