A couple of things here to consider.
Projectors have a limit how much above or below a screen you can place it before you enter keystone territory and distorted picture. Usually, the screen is at such a height that a projector on a table is close to chest or head height whereas on top it would be out of the way.
As to ventilation, that too need to be carefully considered from the manual where the intake and exhaust is on the projector for free air movement.
You can use a lift on the ceiling and lower it into place if ceiling is higher than 8ft, usually. Then build a nice box there.