diff --git a/lerna.json b/lerna.json
index 7aacb77687b732..5c60aa676a9857 100644
--- a/lerna.json
+++ b/lerna.json
@@ -1,10 +1 @@
-{
-  "packages": ["build/packages/*", "build/packages/nx/native-packages/*"],
-  "version": "16.8.0-beta.7",
-  "granularPathspec": false,
-  "command": {
-    "publish": {
-      "graphType": "all"
-    }
-  }
-}
+{"packages":["build/packages/*","build/packages/nx/native-packages/*"],"version":"16.7.4","granularPathspec":false,"command":{"publish":{"graphType":"all"}}}
\ No newline at end of file
diff --git a/packages/workspace/src/generators/preset/preset.ts b/packages/workspace/src/generators/preset/preset.ts
index b3e722bcb9857b..285d861d76814d 100644
--- a/packages/workspace/src/generators/preset/preset.ts
+++ b/packages/workspace/src/generators/preset/preset.ts
@@ -169,7 +169,7 @@ async function createPreset(tree: Tree, options: Schema) {
     const { libraryGenerator } = require('@nx' + '/js');
     return libraryGenerator(tree, {
       name: options.name,
-      directory: join('packages', options.name),
+      directory: '.',
       projectNameAndRootFormat: 'as-provided',
       bundler: 'tsc',
       unitTestRunner: 'vitest',