Create a New Project in an Existing Folder Dialog Box
When creating new project based on the New Project in Existing Folder template, you must specify the location of the new project. That is, you must specify the path or URL to the project folder in which you want to create the new project.
This is useful for creating a project in an existing Web folder.
When you create this new project, files already in the folder are not added automatically. After creating the project, you can add these files using the Add Existing Item command on the Project menu.