New Tab for Archived Projects (Ability to sort into folders)

Hello - I am curious if there could be a better way to organize archived projects.

Our team has a very long list of archived projects, and it will continue to grow. With the current way that archived projects are displayed, it gets tedious to find one to reference in the list.

Instead of a drop down to find archived projects under each team, I would love if there was an additional tab that took you to another window to display archived projects, where we could organize archived projects by folder.

Thanks for hearing me out!