Only partially, I've seen places like you describe: there will be one or two 'trailblazing' projects but over the next 5-10 years all the surrounding area will develop with malls, more appartments and such.
Sure malls and other small time commerce will develop. Malls also exist to serve traditional American style suburbs. But these places will never be urban centers in their own right.
From what I've seen there's a ton of this type of development in China. Admittedly what I've seen of China's country side is mostly out a train window so obviously I'm only seeing places meant to be serviced by trains.