The build is progressing much nicer than I expected!

I cleaned & repacked the BB, hubs & headset and all of them were in surprisingly good condition! Only the non-drive side BB cup had a teeny bit of pitting. Once it was all cleaned and repacked, it's not even noticeable! I'm happy about that! Everything else was perfectly fine! I had to disassemble the rear derailleur cage and really clean & re-grease the jockey wheels. Now they are almost like new. Very little wear on them (again, surprisingly)

I got a new seat post and have a saddle on order.

I've got a new set of rapid fire shifter/brake levers (for the Shimano 7 speed) on order. They will come with shifting cables & housing, so no need to buy those. I have new brake cables & housing & pads ready to go.

I decided (for now) to stick with the flat bar. But I may cut a couple of inches of each end to shorten it up some.

For the frame, I took some rubbing compound and gave the whole thing a good rubbing. That took of just about all the scratches and scuffs. Only thing left are the chips in the paint. I might take some Testors model paint and do some touch up.

I'll add a Topeak Explorer rack that I already have, and will add some fenders, eventually. I also have a Nite Rider light sitting around, needing a home. I think I also have a blinkey rear light somewhere too.