We've used a similar corner shelving unit to create space in a small 7 by 9 ft room. It's a great, easy shelving solution for small spaces (although installing it was a bit tricky as the walls weren't plumb.
dwell: All of the apartment’s fixtures are by Kohler, including the kitchen sink and faucet as well as the Tea-for-Two bathtub, Vox square sink, and Catalan mirror in the bathroom. The Thassos marble subway tile is by Ann Sacks. Photo by: Matthew Williams