Land being planned for development as a Cluster Development in accordance with this chapter shall be subject to all provisions of this Planning and Zoning Code applicable to the U-1 Zoning District, unless otherwise specified herein, and shall be subject to all provisions of the Subdivision Regulations when applicable. Cluster Development may be developed using condominium development or by conveying fee simple title to the dwelling unit and land underlying the house and any land surrounding the dwelling unit in conformity with the Planning and Zoning Code.