was this originally meant to be a Home Alone sequel?

Does anybody know if this was originally meant to be a sequel to Home Alone, or if maybe it was originally written with a different title, and then the studio chose to title it "Home Alone 3" to get people interested in seeing it?

I read on Wikipedias page for this movie that the producers originally wanted an older Kevin to babysit a younger cousin. However, there is no citation for that fact, and besides, I don't think that kind of plot would fit the Home Alone movies.

If I had made this movie, I would have had an older Kevin become invovled with crime. Since he defeated the Wet Bandits twice, he would have been a more challenging robber for a kid since he would have known what a kid would be capable of doing to robbers. Or if I had to write this and not include Kevin I would have at least brought back Harry and Marv, assuming that the actors would want to appear in it. Harry and Marv versus a new kid would have been good, and given the movie more of a conenction than just a name-only sequel.