Alex is a great place to meet up with people for a drink or a snack. Sit outside for a great view over the Binnenalster on one side, or watch the shoppers go by on the other.
Alex, Alster Pavillion, Jungfernstieg 54. The nearest subway is Jungfernstieg.
It's ridiculously expensive compared to most of Hamburg and the wind off the Alster would skin you.