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(a) Except as provided in paragraph (b) below, the following shall apply:
(1) Not more than 60 percent of the lot area shall be covered by buildings and accessory structures.
(2) No building shall exceed 5 stories or 60 feet in height at any point.
(3) At least 10 percent of the lot area shall be devoted to green area.
(b) Coverage may be permitted to increase to 75 percent and height to 7 stories, but not more than 72 feet if the following conditions are met:
(1) The lot has an area of at least one-half acre.
(2) At least 80 percent of the additional floor area is used for off-street parking.
(3) At least 15 percent of the lot area is devoted to green area.