It's refreshing to see nautical, navy BLUE. Everyone is saying the same thing for the most part - just introduce another color, definitely bright (yellow or orange IMO) and it will make it more current. What I really like is how your style will withstand the test of time - and with minor updates now and then it will always look fresh and "current".

I would place the sofa facing the fireplace either with access to what's behind the draperies or not, and put the tv where the chair is--roughly. On the far end I'd arrange a small conversation/reading/activity area. IE:2 chairs, a table and a lamp or a small activity table with a hanging lamp. Of course, seeing the scale of your new furniture, once you receive it will help. I just hope you have selected comfortable furniture in a smaller scale than what you have.

The wall opposite the couch could hold the TV - would need to mount it on the wall and that would take a while as we would need to get someone in to do it (I love my husband but he's not the handiest). Where the photo was taken is a three seat couch, so couches are in an L shape.

Oh I have not even touched the surface of fabrics that are available and beautiful. But, best to qualify further if you are recovering or buying new chairs before we get too excited or caught up in the beauty of the products. I love fabrics and the chemistry and technology that goes into modern day fabrics would astound most people. I'm not even talking about the residential fabrics like the Robert Allen collection I showed you. I'm talking about the fabrics for the hospitality and medical care industry. Now if you are interested in MODERN look fabrics I would send you to Maharam to look at their 20th Century Modern collection. Some of those are the real deal by Eames and Girard. Anyway, when you get further along in your plans then I can give better input.