I don't know if there is any room for a good reading chair but if you can: every library should have a wing-back. Ikea brought this style back a couple years ago. It's an Ikea classic and I can see why.
Get Organized: 20 Clever Ideas for Repurposed Storage - I've seen this a couple of times and really like it! I will be looking for a cute ladder to do this for either the living room for blankets or bathroom for towels.