The blueskin is a waterproof membrane. I'm going to guess a layer of insulation is next followed by metal cladding. EIFS is a acrylic paint applied to a styrofoam base. It doesn't need the metal studs.
Thanks for the info Maestro. I hope it is an update, and we get something nicer than a grey concrete slab of a wall. I tried to find out what I could online for any updates to Garden Towers apartments, but couldn't see anything. If I start to see more materials go up, I will post pictures. Right now, the waterproofing and steel studs are just about all the way up to the top of the tower.