Is there not a closet you can put shelves in in this room? That way, you can put some of your totes in there but most importantly you can set your fabrics out and touch them (yea touch). I have a closet and bookshelves in my room that I use to put fabric and "stuff" on but I had DH put shelves in the closet. Peg boards are great for those pesky things like extra rotary cutters, those rulers that find their way home with you from the LQS and those patterns that will inevitably pile up in a corner never to be found until after you repurchase the pattern.
