These two Ikea units hold my paper. The drawers are organized by color. Most of the paper I use is wallpaper from discontinued wallpaper books, so the pieces are large and these units hold it easily.
The top of one unit is my cutting station with assorted tools for that. The top of the other one is my spraying station for glues and paints and such. I use that old box to contain the spray.
Above the two paper storage units is my wall. I put finished pieces, unfinished pieces, not sure how to finish pieces, etc. on this wall. The number of holes in this wall is staggering. Luckily, I enjoy crafting with both spack and joint compound so I can easily fill holes anytime (repainting over the repairs is whole different story, lol)