[Mac OS] Unreal 4.1+ - Not finding compiler even though Xcode is installed

Hello,

When I try to create a C++ project, I get the error message: “No compiler was found. IN order to use a C++ template, you must first install Xcode…”

I do have Xcode installed and this is the path to the Xcode instance on my machine: /Applications/Development/Xcode.app/Contents/Developer

How can I modify this path if UE4 is not looking in the right path?

I have already tried the following command:

sudo xcode-select -switch /Applications/Xcode.app/Contents/Developer

Note, I did see this resource before posting but I would like to resolve this issue without having to change folder locations as I use Xcode in other development environments.

Would greatly appreciate your assistance!

Jay