I knew I couldn't wait for the weekend to do a weekend project! I got all of the parts you see home by 9pm tonight, and 2 hours later, here's the bike waiting on a new chain that is soaking in degreaser:)
I have it setup for a fixed gear mode now and will keep it that way until I get a front brake for it. The bike shop didn't have anything under $90, and I really don't want to spend that kinda cabbage on just one part. What's left to do is:
Buy front brake calipers
install brake, cable and caliper
wrap bars in cork handlebar tape
ride the shit out of it