The entity is so disclosed as a relatum in the complex which is nature.

It dawns on an observer because of its relations; but it is an objective for thought in its own bare individuality.

Thought cannot proceed otherwise; namely, it cannot proceed without the ideal bare 'it' which is speculatively demonstrated.

This setting up of the entity as a bare objective does not ascribe to it an existence apart from the complex in which it has been found by sense-perception.

The 'it' for thought is essentially a relatum for sense-awareness.
The chances are that the dialogue as to the college building takes another form.