We slowly rebuilt the bike, replacing and cleaning everything in our path (Leticia did most of the work on this bike). The Phil Wood hubs laced into 27″ Mavic MA 2 rims were sent back to the factory to have fresh bearings pressed in. A honey Brooks B17 and matching leather bar tape finish off the bike nicely.
To make the multi-speed rear wheel work as a single speed, we did some magic with a few hub shims, and a slightly shorter cottered bottom bracket than the one that came with the bike. We also reversed the chain ring on the crank arm spindle. The chain line isn’t perfectly straight, but it is pretty darn close. MKS Sylvan Touring pedals are a good match for your typical flat-bottomed sneaker set (a pair of Chuck Taylors, Vans, etc.)
The build labor and parts came to a little under $350. Paint was done by our customer (we typically charge anywhere from $120+ to have a bike powdercoated).