Google's Jade Wang posted an announcement in the Google Business Help forum thread that they are changing how Google+ local pages work for business owners.
Now, the business owner can see the Google+ local page they created before they are verified using the PIN verification system. It won't show on the map or other places consumers might see it, until it is verified but it will show to the local business owner.
Jade explained this in detail:
If you’re creating a listing in the new Places for Business dashboard, now, you won’t have to wait to complete PIN verification before you can see the +page, for most businesses. Just follow the link from your dashboard to see the new page. You will be able to use Google+ social features on this unverified page, but please note -- you still need to complete PIN verification before the page will start showing up in Google Maps and across other Google properties.
If you’ve got an unverified local Google+ page (made using Google+ in the local business/place category), then we still encourage you to PIN verify this page so that it can start appearing in Google Maps and across other Google properties.
If you’re creating a local Google+ page (using Google+ selecting the local business/place category) for a business that we think is already in Google Maps, then you may need to go through both PIN verification and our admin request flow before you can manage the page.
Forum discussion at Google Business Help.