After having to wait more than a year to air its first Project Runway installment, Lifetime is wasting little time in debuting the next one.

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The network has announced Project Runway's seventh season will premiere on Thursday, January 14 at 10PM ET/PT. 

Project Runway host Heidi Klum, mentor Tim Gunn and judges Michael Kors and Nina Garcia will all return for the seventh season.  Unlike the sixth season which was filmed in Los Angeles, Project Runway's seventh season was filmed in New York City, the site of the show's first five seasons.

While it was filmed at New York Fashion Week back in February, Project Runway's sixth-season finale aired last night and was won by Irina Shabayeva.

The finale broadcast averaged 4.275 million total viewers and a 3.4 household rating. In addition, the episode generated a 3.2 rating in the Women 18-49 demographic, a 3.6 rating among Women 25-54 and 2.9 among Women 18+, according to Nielsen Media Research.

Project Runway's sixth season premiered in August -- more than a year after Lifetime Networks and The Weinstein Company first announced their five-year, 10-season deal to bring Project Runway to Lifetime from Bravo beginning with the reality competition's sixth season.

Following the announcement, Bravo's NBC Universal parent company filed a lawsuit against Lifetime and The Weinstein Company -- which was resolved this past April.

In addition to Project Runway's seventh-season premiere, Lifetime also confirmed the second edition of the show's Models of the Runway companion spinoff will debut on January 14 at 11PM ET/PT.

Both Project Runway's seventh season and Models of the Runway's second season will air in HDTV (while they were broadcast in widescreen, this year's initial Lifetime editions aired in a non-HD format).