Yes, I followed the same idea as Greg with the T&G boards.  Just make it
easy on yourself and leave some way for you to grasp these suckers for easy
removal.  I made my sectional so I could remove one side or the other
depending on the situation.  I thought about the slatted shelves but in the
end ruled it out.

https://kirkhmb.smugmug.com/Woodworking/Other-Galoots/Paul-Gardner/i-TLkdz6V/A

I don't store any of my edge tools down there as I've found it to be a very
messy and dusty environment and the salty air of the Pacific is
particularly harsh in my neck of the woods.  I prefer to keep those in
chests and cabinets.  I keep my Box o' Sharpening down there, my bench
hook, unused holdfasts, and other bench appliances.  I like the idea of
putting planes down there but it just never really worked for me. YMMV.

I hope you find something that works well for you.

-Paul, in LA (temporarily)