The thread seems to have stagnated, or perhaps its purpose has been served. Anyway, picked up this frame on eBay.

Obviously an 89 LeMans. Frame seems to be in great shape although the paint is iffy and there are few rust spots to be fixed. One of the mysterious F3 Taiwan frames.

It’s going to be a “neighborhood” bike for my wife. She wanted something upright and “simple”, so I’m thinking about a 1x7 with mostly parts bin components.

The wheels shown are some pretty new no-name freewheel clinchers I had from a previous build that should work fine. I found a 7-speed 12-32T freewheel and a Shimano 1055 crankset with just a 42T inner ring (not a Biopace) should give a pretty good range of gear ratios. Some Shimano 1050 calipers look like they’ll fit.