It is not the same. A $2N+1$ dimensional representation of SU(2) would have only three generators: $L_+, L_-$ and $L_z$. In particular, $L_+$ and $L_-$ only connect states with $\Delta m= \pm 1$, i.e. can only connect "neighbouring" states (this is loose terminology). In addition, the size of the matrix elements are quite restricted as the basic commutation relation $[L_+,L_-]=2L_z$ must be preserved by the representation.
On the other hand, generators of $su(2n+1)$ are of the form $C_{ij}$ with $i,j=1,\ldots, 2n+1$ which have non-zero matrix elements between $i$ and $j$, i.e. these can connect "non-neighbouring" states. The size of the matrix element of $C_{ij}$ is $1$ and the matrices must satisfy
$[C_{ij},C_{k\ell}]= \delta_{jk}C_{i\ell}-\delta_{j\ell}C_{kj}$.
In other words, yes it is possible to construct a $2n+1$ dimensional representation of $su(2)$ but this representation is NOT the same as the defining $2n+1$ dimensional representation of $su(2n+1)$.
As a simple example, consider the Gell-Mann matrices for $su(3)$. You can easily enough construct a $3$-dimensional irrep of $su(2)$ of angular momentum $\ell=1$, but the three matrices for $L_+,L_-$ and $L_z$ do not look anything like the 8 Gell-Mann matrices; it is possible to write some but not all the $su(2)$ generators are linear combos of the Gell-Mann matrices, but it is certainly not possible to write the 8 linearly independent Gell-Mann matrices in terms of the 3 linearly independent angular momentum matrices of dimension $3$. If anything, there are two diagonal Gell-Mann matrices but only one diagonal $su(2)$ matrix.