graystone noun3 •A type of gray volcanic rock, typically containing feldspar and iron. •[before a noun] Any type of gray stone, such as limestone, used in building.Founded almost 50 years ago, it's an imposing graystone structure (formerly a park district office). — 2009 •A building of this kind.Because graystones were more expensive to build than frame buildings and had a more substantial look and feel, they were the choice of the middle and upper classes. — 2017 formsgraystones