That looks like it will be a very nice motorized bicycle! I would advise that you get some heavy duty wheels that have 36 spokes (12 gage). They will not only be safer, but they will give you some better options for a billet rear sprocket & hub adapter.
The wheelset on these (though open ball) are 48 spoke double wall Deep V aluminum. They are pretty beefy as is, and the nice thing about the hub is that they work perfect with the coaster. No need for adaption. Even the dust cap stays in tact.
Unfortunately, since it is a deep V rim with a welded seem, you can not use a rim brake. The frame has no mounting options for a brake. A caliper brake INMO is the worst option period under any circumstance. You're best bet would be to spend the extra $$$ and go for a disc conversion kit, and run a disc brake on this.
One bonus to the 29" wheels though is the gear inch ratio. If you are running an unmodified 2 stroke, and the standard 48-T sprocket, you should have no trouble maintaining a cool 33mph. I rode one for a while before making the mistake of letting a friend ride it. R.I.P.