The dreaded coffee table

A long time ago a friend posted about her hubby making a coffee table so I went crazy and bought a used craigslist coffee table for $20. I thought about making one myself but it was too much work for me. I've had my craigslist coffee table for a while. Its been tucked away in my garage after my dad removed the top and I added foam. I have no idea what I want to do with it. Right now we don't have a real coffee table but instead have an long leather storage ottoman with a lift/reversible top. It worked well for us when Emily was a baby because it was baby proof, great for storage, and served its purpose as a coffee table. However, it doesn't look nice and that's a problem. Below is a picture of our living room with the storage ottoman.

Here is the coffee table I purchased on craigslist for $20. Sorry the picture isn't very clear. It was the original picture from craigslist. What I love about this coffee table is that its solid wood, large 50x30x17, fits the space in my living room, cheap, and was only located two blocks away from my house.  It also has storage on the bottom. The only problem is that I needed to refinish it and make it toddler proof. Its so hard to decorate our home and make everything toddler proof without too much compromise in design. Emily is at the stage where she loves to run and bump her head on every little corner so angled wood corners are a big no no at my house. 

Here is a coffee table easily found online/in stores for over $250 with a very similar design as my $20 coffee table from Craigslist. It wouldn't be such a headache if I only had to refinish the coffee table. Now I have to somehow make it toddler proof and make it look nice.

My plan for the coffee table include refinishing the legs to a white/cream color to match my decorations and adding foam, cover with leather, add buttons, and nail head trim. I like the idea of leather on top because its easier to maintain then fabric. I'll be doing white legs with dark leather on top or maybe the other way around; light top and dark legs. 

Isn't this gorgeous? I love it. My coffee table will look similar to this because the legs will be refinished, top will be a leather instead of fabric, adding nail head trim around the bottom, and finally tufting everything with buttons. 

What do you guys think I should do? I'm still debating on the colors. Its so hard to decide. I don't want to just pick a color and not be happy with it in the future. Since I'm at a stand still with the fireplace I am doing my research on the coffee table. I've been dreading the coffee table because I have no idea what will look good. We have a patterned rug in the living room so patterned fabric will not go well. Plus fabric isn't my first choice with a toddler in the house. I don't really want to have a light top because our sofa and whole living room is light so a dark top might be my only choice. But I really like the light top with dark legs.