Project Files Doesn't Load After Moving Folders

So I had all of my Cubase projects folders saved on my Desktop which was actually on iCloud and I decided I want to move everything to a local folder under Macintosh HD.

What is the best practice to do so?

EDIT:

I actually already moved a copy of all of the project’s folders to Macintosh HD > User > my username > Music Production > Cubase Projects , just tried to open the .cpr file and was prompted with:

Chose New and now the Loading MixConsole is loading forever and Cubase is not responding:

I encounter the same behavior when trying to open the .CPR file from Cubase > Open Recents, by double clicking the file from either folder - original on Desktop or copy on the mentioned path.

Please Advise, Thanks!