After almost a year (and almost $600) my bike is done!
The frame was purchased on Craigslist.  I took it apart. I stripped it  and repainted it lavender.  I was able to salvage a lot of parts.  I did my best to get used parts before I got new ones ( Yellow Bike, Frankenbike, and CL). When I bought new stuff I went local (Thank you guys at the Peddler).

Before

After

Check out the flickr page for more pics…

and now for the specs

Frame:
1970? Niitaka Mixte
Handlebars and Brakes:
Mavi Bullhorns with Diacompe Brake handles, original diacompe brakes with new cables and housings
Fork and Headset:
original
Front wheel:
Sun  27×1 1/4 CR18
Rear wheel:
Sun 27×1 1/4 CR18 with flip/flop hub
Tires:
Panaracer Pasela
Crankset and Bottom bracket
Stronglight Track crank and bb  48t chainring. 170mm arms.
Saddle :
Terry Butterfly
Pedals:
BMX
Cog/Gearing et cetera:
17t freewheel/Singlespeed