183: Adelaide Grady, Senior Vice President and Partner @ Leggat McCall Properties

Addie Grady has built her career at the intersection of housing, sustainability, and urban development. Today, her expertise is focused on a very specific location: Bunker Hill.

As Senior Vice President and Partner at Leggat McCall Properties, a Boston-based real estate firm with more than $3B in assets developed as principal and an active pipeline of $1.5B, Addie serves as Executive Director of the Bunker Hill Housing Redevelopment – the largest public housing redevelopment in Boston’s history.

Addie began her real estate career in sustainability consulting before joining Leggat McCall as a Development Manager in 2004. After earning her MBA, she spent more than seven years at Wood Partners, deepening her ground-up development expertise across ten residential projects totaling more than 1,800 units and over $500M in development cost. At Pritzker Realty Group, she expanded her portfolio by leading $370M of ground-up development, including 30 Dalton, a 28-story high-rise in Boston’s Back Bay.

Since returning to Leggat McCall in 2019, Addie has led the firm’s multifamily and mixed-use investments. For the past five years, she’s been focused on Bunker Hill, leading the massive project into construction and continuing to guide it through future phases.

Inside this week’s episode:

• Replacing 1,100 affordable homes without depleting housing subsidies, keeping residents on-site while construction progresses around them, and making building-mix decisions
• Putting up a building shell in four months with prefabricated wall panels, CLT floors, and precast cores, and delivering a nine-story passive house in Boston in roughly half the time it would normally take
• Pivoting from the pre-med path to architecture, and the value discipline built over seven years at Wood Partners
• Managing a project from an owner’s perspective, reducing risk, and creating opportunities rather than chasing deals
• Why Boston’s multifamily market is under pressure, how construction costs here got so far ahead of the rest of the country, and why rent control would deepen the housing crisis it claims to solve

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