Late on Friday, Jade from Google announced in the Google Places Help forums that you can now merge your Google+ Business page with your Google+ Local page to have the Google+ Local information with all the social features of Google+ on the same page.

You can combine the best of Google+ Local with Google+ Business Pages on the same page. Jade shares one local shop that did this already named the The Meatball Shop where you can see the Google+ posts and local data all on the same profile.

How do you do this? Google explains:

Google posted instructions on how to do this:

After you’ve created your page, you can verify it:

Hover over Unverified at the top of your Google+ page. Click the Verify now button when it appears. Or, click Verify now in the Is this your business? section below the map.
Confirm your address and click Request postcard again. Your postcard should arrive within a week or so.
Once it’s arrived, go to the website listed on the postcard, www.google.com/local/verify.
If you’ve requested a postcard for multiple Google+ pages, make sure to click on the name of the business that the postcard is for.
Enter the PIN listed on the postcard and click Submit.

Michael Blumenthal has a detailed step by step walk through with screen shots on how this works on a specific example.

Here is a FAQ on this from Jade from Google:

Forum discussion at Google Places Help.