According to Archinect:
LILYPAD is a true amphibian - half aquatic and half terrestrial city - able to accommodate 50,000 inhabitants and inviting the biodiversity to develop its fauna and flora around a central lagoon of soft water collecting and purifying the rain waters. This artificial lagoon is entirely immersed, ballasting the city. It enables inhabitants to live in the heart of the sub aquatic depths. The multi functional program is based on three marinas and three mountains dedicated to work, shopping and entertainment. The whole set is covered by a stratum of planted housing in suspended gardens and crossed by a network of streets and alleyways with organic outline. The goal is to create a harmonious coexistence of humans and nature, exploring new modes of cross-cultural aquatic living.Sounds great, now let's wait to see the price tag.
Aerial views of the maldivian atolls
The three mountains are ecological niches, aquaculture fields and biologic corridors
Aerial view of the Principality of Monaco
Night view of the Lilypads from Monte-Carlo
(images from Pixelab and yatzer.)