Type a new project name and click download ZIP.
Template project will have all internal references renamed (CSPROJ, CS, assembly properties, namespace, etc.). After project opens press F5 to run and view homepage in the browser. Clicking on "api/Hello" will execute the default controller and return JSON/XML response HTTP 200 with the current time. Enjoy!
Much faster than making a new WebAPI project, configuring CORS, configuring Windows Auth, creating readme.aspx showing build number. More than a base template this has real world WebAPI configurations ready to go.