This is a widgeted area which is called Home Middle #3. It is using the Genesis - Featured Page widget to display what you see on the Metric child theme demo site. To get started, log into your WordPress dashboard, and then go to the Appearance > Widgets screen. There you can drag the Genesis - Featured Page widget into the Home Middle #3 widget area on the right hand side. To get the image to display, simply upload an image through the media uploader on the edit post screen and publish your page. The Featured Page widget will know to display the post image as long as you select that option in the widget interface.
This is an example of a widget area that you can place text to describe a product or service. You can also use other WordPress widgets such as recent posts, recent comments, a tag cloud or more.