Eclipse projects have a "type" and that controls what tools are available. You probably created a "Basic Project" which means there are no compilers or other Java tools associated with it. You would want to create a Java Project in Eclipse.
That project does not seem to have Eclipse .project and .classpath files checked into the repository. It does look to be a Maven project however. So you would either want the m2eclipse plugins installed, and check this out as a Maven project, which would handle configuring everything else, or you want to use the Checkout As ... option and use the wizard to create a new Java project to checkout.
These are more Eclipse IDE questions than SVN or Subclipse questions.