Currently there is no way to automatically upgrade your project to the latest version of Kendo. Instead of recreating the project I would suggest you to just download the latest version of Kendo and replace all the files by navigating to Add -> Existing Files menu command.
We already submitted your feature request in our Feedback and Suggestions portal so it is now available to our community and everyone can vote for it so we can prioritize accordingly. You can vote for it here.
Ivan K. Ivanov
the Telerik team
Share feedback and vote for features on our Feedback Portal.
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