1. First things first: Take that front bodice piece, and cut it right down the middle. Your accent panel needs to go somewhere, after all! (If you're looking at the above image thinking "the front bodice will be significantly wider than the back bodice when I'm done!" - just hold your horses, smarty pants. We'll get back to that in a bit!)
2. Grab one of your 1.5" strips and head over the the ironing board! There are hundreds of readily available bias tape tutorials, so I won't recreate the wheel. (Don't worry about cutting on a diagonal, it's not relevant to this project.) When you're done folding and ironing, stitch down the open edge so we can make ourselves some corset loops!