This does indeed remind me of the 80's synth. Nice, upbeat. I don't really have the same complaint about development of the bassline -- it seems pretty standard. There does seem to be a bit heavier of a sidechain or LFO than I'm used to.
One thing I would recommend is gated reverb for your snare to get that nice DSSSH. If you're already doing that, I'd shorten the reverb tail and up the wet send a little, pop on a compressor and maybe a transient shaper.
I also personally am not a fan of the overly reverbed sound, at least without cleaning with a low cut to 250 hz on the wet signal.
The mix as a whole is a little treble heavy. Feels like the bass and mid were sucked out at 2:05 of so. I would say the snare needs to come way up in the mix. Kick is sticking out just fine, maybe even louder than it should be, but not by much. At 4:02, the synth coming in on the right channel is just a little louder than it should be.
Also, I see that chopped off kick fade. Render that boi, or just chop off at the last little key note! :P
Otherwise, great piece. Really enjoyed the listen. Probably could benefit from some harder compression on the master, just to get that more modern oomph and stand up to other pieces in the genre, but the structure was great, so was the arrangement. You seem to have a real understanding for the style. Dig it.
Thanks for coming out to NGUAC!