Living room. I was thinking you could make this yourself using a queen or king size bed, cheap bookshelves around it or even build a type of bed frame resembling this might be cheaper, then get that foam stuff for the edges, fit your desired fabric, some pillows to accent, and wallah!
how to build an inexpensive (the writer built his for around $30) and sturdy queen bed frame. Tall enough to store totes under, and in the comments there are dimensions for twin and king sizes, also. This is perfect for my guest room/office space