Mercado 505, occupying a prime location in among the hotels at Wulumuqi Lu and Huashan Lu, is the same market-to-table concept as its original Cool Docks location, blown up to multiple floors of seating, a bar, and a big patio area. If the Western restaurant trend in Shanghai in 2018 was for locally-based Shanghai famous chefs cooking little idiosyncratic fusion sharable plates, this is the complete opposite direction. You're looking at quality imported meats, cheese, and seafood, ordered and presented as is. You order your meats by grams, for example, 88rmb/100 grams of US Prime Angus T-Bone. Quite a bit of Chilean beef in there, too. If it's a little daunting to order a main course by the 100 grams, they can consult with you your options. They've also got some more straightforward seasonal specials as well, serving as side courses. The patio's usually buzzing with Spanish expats and curious diners, service is excellent, great location, and the sangria's great too.