Visual paradigm in IntelliJ IDEA integration Mac OSX

I would like to use Visual paradigm Community Edition in IntelliJ IDEA IDE. From Visual paradigm Integration Menu I select my “install in existing IntelliJ IDEA” location as below. But It said, invalid Path.

/Users/mike/Library/Preferences/IntelliJIdea2016.2
What is wrong with this location?

Many thanks in Advance.