At 203-206 Michigan Boulevard, doubtless influenced the architecture of its newer neighbor, the Auditorium, for there is a resemblance in color, height, and general effet. This carriage repository and manufactory has a frontage of 107 feet, a depth of 170 feet, and a height of 135 feet, in 8 stories and basement. It belongs to the class of notable high buildings of Chicago, and receives some description elsewhere. The exterior walls are heavy, and built of red syenite granite and Bedford stone. The two granite columns at the main entrance, 3 feet 8 inches in diameter and 12 feet 10 inches high, are said to be the largest polished monolithic shafts in the country. The first 4 floors display a selection of 2,000 fine carriages. The remaining floors are used as a manufactory of the same class of goods. Erected in 1884 by the famous wagon-makers of South Bend, Ind. Cost, $750,000.

The Chicago Fine Arts Bldg The Studebaker Building opened in 1885, a massive Romanesque style building between the Auditorium Building and Theatre and the old Art Institute of Chicago (which moved to its present location across Michigan Avenue in 1893; the old Art Institute building was razed in 1929 and replaced a year later with the Chicago Club Building). The Studebaker Building housed showrooms for the carriage company (which later manufactured autos) until 1898 when it was converted into the Fine Arts Building as a school and performance venue for musicians and artists and offices for publishers and architects. In 1917, the legitimate Studebaker Theatre was built on the ground floor of the building, the name still inscribed on the facade. Around the 1930s, the Studebaker was renamed the World Playhouse and later began to show films, mostly foreign, while it continued to also feature plays on its stage as well. However, by the 50s, the World Playhouse was a movie house only, and its legitimate days were over. By the 60s, it was screening adult films, and closed for a while in the 70s after being renamed for a short time the Studebaker Theater. The theater was reopened as the Fine Arts Theatre in 1982 with two screens. Some of its Beaux-Arts style decor remained intact, though a bit worse for the wear. In the mid-to-late 80s, the Fine Arts became a quad. The Fine Arts was known as Chicago's premier art and foreign film venue for much of that decade and into the 90s, along with the Music Box Theatre. However, by the mid-to-late 90s, the Fine Arts had clearly seen better days. Newer and larger art film houses, such as Landmark's Century Centre in the Lake View neighborhood, and the Gene Siskel Film Center on State Street in the Loop, had replaced the Fine Arts in popularity and quality in the art film genre. In its last days, it was no longer even showing just art films, but commercial features, as well. The last film on its marquee was "Red Planet" when it closed in late 2000.