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Toy storage is the bane of many a parents existence. Unless you have a dedicated playroom, toys can quickly get out of control so the key to organization is kid's storage bins.
If you have a storage wall unit, your best bet may be baskets or bins as drawers in your wall storage unit. By putting the kid's bins on the lower levels, you give them access to their toys and room to put them away. They also disappear into the decor if you plan correctly and then when the kids are up, the room is theirs, but when they are away from the room it can be reclaimed by the adults.
The other great thing about dedicated storage bins is that when they outgrow the storage space, you know you need to clear out the toys they no longer play with!