Did you download the source version? Or the install version?
why are you "building" it? if you just wanna install DNN, no reason to "build" from tehe source files. By the looks of it, personaly, I think you should get the install version and not "build" it in VWD. It's already built mostly. You can hit CTRL-F5 to start it without debugging though, and it'll jsut open up in your web-browser(usually), if your local installing for developement.
If you are attempting to do development, and this is why you downloaded the source version, then I guess get the stores "source" and pull out the addressedit.ascx.cs file and put it in the folder it is recommending I guess...
I'd just get the install version, even if your developing, as you can do plenty without having the "source", including module development. you could also just get the starter kit in the downloads section which will set up your VWD Express with all kinds of templates like DNN framework...so you can just add new websites as projects in VWD, and build them from the project.
I do the last item, because I often screw stuff up, so it's easier for me just to delete the VWD site and make a new one :->
Good luck!