Miami's Paramount Bay Chosen as HGTV's 2012 URBAN OASIS

Cosmopolitan, cool and colorful, Miami is the home of the 2012 HGTV Urban Oasis, a custom-designed 1,700 square-foot paradise located on the 20th floor of the Paramount Bay, the city's newest resident hot spot. The centerpiece of a fall 2012 grand-prize package, this HGTV Urban Oasis is expected to attract those who want livable, contemporary design and resort-like amenities in a fabulous location. Viewers can enter for a chance to win the 2012 HGTV Urban Oasis Giveaway once a day on HGTV.com as well as once a day on HGTV's Frontdoor.com from Thursday, August 23 – Monday, October 15, 2012. Until then, videos and additional information about the vibrant Miami property are available at HGTV.com/urbanoasis and frontdoor.com/urbanoasis.

"If you like the energy of city life, then the HGTV Urban Oasis is the giveaway for you," said HGTV General Manager Kathleen Finch. "Once again we are offering a beautiful residence that is ideal for anyone who has dreamed of sophisticated urban living. We are excited to bring another amazing residence to fans of the HGTV home giveaways."

The remodeled and fully furnished HGTV Urban Oasis 2012 at Paramount Bay features two bedrooms, 2 1/2 baths, a gourmet kitchen and terrace with exceptional views of Miami Beach, the Atlantic Ocean and the Port of Miami. As part of a comprehensive on-air and online campaign during the giveaway period, HGTV will feature many of the popular attractions, restaurants, eclectic shops and hot spots in Miami.

"When it is completed, the 2012 HGTV Urban Oasis will exemplify the best of Miami," said Jack Thomasson, Professional House Planner for HGTV. "Our unit will feature the exceptional quality and attention to detail that the HGTV Urban Oasis residences are known for along with a refined cool that's sure to please the most discerning tastes."

"We are thrilled to partner with HGTV for the 2012 Urban Oasis Giveaway and to be part of such an amazing opportunity," said Senior Vice President of iStar Financial, Anthony Burns. "It is the ideal forum for blending creativity and innovative design and showcasing Paramount Bay in its best light."

About Paramount Bay

Paramount Bay is located in Downtown Miami's booming Biscayne Corridor. The 47-story tower features more than 340 units and directly overlooks Biscayne Bay. Residents will enjoy unparalleled views from expansive glass balconies as well as an inimitable collection of amenities that includes access to a world-class beach club, private elevator foyers, multiple swimming pools, a waterfront promenade, a unique full-service spa and fitness concept and distinctive on-site restaurant and retail offerings. Notable surrounding areas such as the Wynwood Arts District, the Design District, Miami Beach and the city's cultural epicenter situated along Biscayne Boulevard are all easily accessible. Kravitz Design, led by international music icon Lenny Kravitz, has been tapped to create the look for the residential property, including all public spaces and outdoor areas. www.paramountbay.com

About HGTV

America's leading home and lifestyle brand, HGTV features a top-rated cable network that is distributed to more than 99 million U.S. households and the HGTV website, HGTV.com, the nation's leading online home-and-garden destination that attracts an average of four million unique visitors per month. The brand also includes the HGTV HOME consumer products line which showcases exclusive collections of paint, flooring, soft goods and other home-oriented products, as well as HGTV Magazine, a new home and lifestyle publication published in partnership with Hearst Magazines.

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