Adobe Cloud and Premiere Pro

I want to create multiple folders in  my adobe cloud storage. For example Project 1, PRoject 2, etc..

I want to create Team Projects in premiere as Team Project 1 and Team Project 2 and then save that to the cloud in the corresponding folders I created. Is that possible or not really?

My thought was to have all my media in FrameIO and then actual project files saved in the cloud as a team project so people could edit them but maybe it doesn't work like that and I should save everything in FrameIO?

Any pro suggestions on workflow would be greatly appreciated.