Even seeing other people get organized makes me feel good. I imagine these cubbies will fill up a lot more over time and not look quite as pretty, but what a great way to maximize this space along the stairs.
This project was done by organization specialists California Closets who, as you can tell, do much more than traditional closets (and in many more places than California). You can see more entryway inspiration on their website including their 6 Organizational Tips for an Inviting Entryway.
(Images: California Closet, used with permission)