Sherwood Forest subdivision is located in East Memphis and is a neighborhood inside the University District. Its boundaries are Park Avenue to the north, Rhodes Avenue to the south, South Highland Street, Radford Road and South Prescott Street to the west and Getwell Road to the east. The neighboorhood was developed in eight phases which originally contained 642 houses. Developers for the various phases were William L. Taylor and H. Price Curd and the Boyle Investment Company, doing business as the Sherwood Building Corporation. The cost of the new homes in the 1940s ranged from $6,400 to $10,500. The neighborhood contains three churches, one of which is for sale, and is home to Sherwood Elementary School, which is a Memphis city school. Sherwood Forest is known for having street names from the fictional tale Robin Hood. The neighborhood contains street names such as Robin Hood Lane, Friar Tuck Road, Nottingham Place, Maid Marion Lane, Little John Road, Allendale Lane and Will Scarlet Road.