I grew up in a typical suburban-style neighborhood (a few meandering roads with a lot of cul-de-sacs branching off and some connecting streets, quarter-acre lots, three-to-five bedroom ranches, two-stories, or bi-levels mostly spec-built). There was a park of about one square block, and a gas station at one of the neighborhood entrances. We rode bikes around, got soda or candy at the gas station, played in friends yards or at the park or at driveway basketball goals, nothing super exciting but kids find ways to entertain themselves. They don't need a bunch of "destinations" like adults do. This was all pre-computer, and there was nothing interesting to a kid on TV during the day.
Kids just need unstructured time with other kids, they will make up something to do. It's not really an intrisic problem with suburbia, it's a problem with hovering, overprotective adults.
I'm talking mostly about kids 8-14 or so. Older teens will get more bored and mischevious. Fortunately by that age there's more stuff they can be involved in at school or they can get a job.