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Rodney's By Bay is easily accessible if you're into oysters. Also, second the recommendation for Red's and love the patio at Vertical (food is very good too).
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re: BLM
There is a thread on Rodney's By Bay with different opinions, but their fish and chips are great.
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Reds is pretty decent -- it's about half a block west of Bay on Adelaide. If you're looking for cheaper fare, Terroni is lively and also nearby in the other direction. There are lots of options depending on your budget and tastes.
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re: Arcadiaseeker
Mercatto is right at the intersection, and I think I would prefer it to Terroni. It gets really busy during the lunch rush though, and they don't take reservations for groups less than 6.
If money is not a concern, I would suggest Canoe, Bymark...the usual Financial District players. Vertical also has a nice patio if you want to be outside.
I'm sure if you searched the board for restaurants in the FD, you will find threads covering this topic.
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